How to Invest in Bitcoin: Tips Before Making Bitcoin ...

TIFU by not buying Bitcoins

This happened a few years ago. It was my first year after college and I was ready to explore the world. So, naturally, I wanted to try DMT. I did not know where to find it. Until, I learned about the black market on the deep dark web.
I did my research. Learned about onion.tor. Used an old laptop as a burner and even purchased IPVanish. I was ready to go. So I got on the deep dark web and found a user with great reviews. He sold DMT but it had to be bought with Bitcoin. So I had to learn about having a special wallet to hold Bitcoins. I had gotten the wallet and the ID associated with it and I was on my way to buying Bitcoins.
Until, I learned I couldn't use a pre-paid visa card. I needed a bank account to purchase Bitcoins. This ultimately stopped my plan to purchase them as I didnt have a vehicle to go to the bank. Nor a job. And the money I was going to use was on a pre-paid visa.
Want to know the day this all happened? 7/18/2015 I still have the email from my IPVanish account. The cost of the DMT was almost 2 Bitcoins. So I was going to purchase them. The cost of Bitcoins that day was $276.98.
The real kicker here is I was too scared that the government would catch me. So that's why my plan stopped at my first roadblock. Those Bitcoins would had set in my wallet and be worth $26,500 today. This feels as bad as the people who didn't invest in Apple
Imgur link of date: http://imgur.com/a/l6O8A6b
TL:DR I wanted to buy DMT on the dark web. But I needed 2 Bitcoins. I had the money but it was on a pre-paid card. Where you needed a bank account to purchase. That stopped me from buying them. Along with the fear of being caught. Bitcoins were worth $276.98 that day in 2015. Which is worth $26,500 today.
submitted by Spixican to tifu [link] [comments]

Former Cryptocurrency hater looking to learn

I had previously swore off bitcoin after losing ~$15k in early 2018. I was a new inexperienced investotrader (i didnt even know the difference at the time) and saw what i thought was an opportunity of a lifetime to get on board with the future -> Invested heavily into GBTC early 2018 -> Instantly became a bagholder when it dropped -> it continued to drop with no end in sight -> held and prayed as long as i could then eventually cut my losses and moved on.
Initially I blamed bitcoin for my loss and considered it a scam like an immature twat but now i know better. The only reason i lost money was because i made mistakes plain and simple.
Currently i am loosing faith in the US dollar...and the US in general. The amount of money printed this year makes me want to fucking barf. My savings being robbed via some backhanded bullshit called "inflation" annoys me to no end. I have made some money on gold this year but was thinking last night about how closing my mind to crypto not only goes against my free market beliefs, but that cryptocurrency provides me a direct means of expressing "fuck the feds" via my wallet.
I have a hard time simply googling this topic because of the widespread hate or bagholder promotion so starting here among supporters. Looking for some opinions on what you believe the most viable long term CCs are? Which ones have the most potential and why? I would really appreciate if you could recommend some educational videos or articles from what you consider a trustworthy source. Thanks
submitted by zghorner to CryptoCurrency [link] [comments]

Important lessons that I haven't fully learned yet - Is this you?

I started investing in March. For some reason I looked at stocks and saw everything plummeting and I remember saying: Man, I cant wait for another crash (referring to 2008). It will be my time to make some money. So I bought a bunch of stocks at relatively low prices. Here's where the lessons begins...
Unfortunately, I didnt have enough money to invest - especially for the kinds of returns I was looking for.
Lesson #1: You will never have enough money.
Once the market started to recover, and actually getting higher than Pre Covid (in a lot of stocks I was investing), instead of selling and taking profits, I told myself: It'll continue rising! Shortly after that, market stabilized a bit and now those profits shrank to about 1/3 of what they were.
Lesson #2: Don't get greedy. Take your profits. Some profit is better than no profit!
Since I was dumb and thought my strategy worked (which in reality there was no strategy, I just bought really low on some stocks that were bound to go up), I decided to try Penny stocks! I now hold bags due to hype. GNUS, XSPA, etc. The best part? I was actively looking at the market when these stocks hit their peak. I decided to hold because they would go higher. This reminds me back in 2017 when Bitcoin skyrocketed to 20k. I had about 18k in profit. But I said with confidence....itll go even higher and I'll have enough to pay off my student loans! That didn't happen. Within a few days I went from +18k to -$500. (I hadn't invested that much so It didnt hurt to lose $500).
Lesson #3: Have a strategy! Once it hits a certain price, sell! Or sell some, and once it continues going up, sell some more. Trailing Stop Loss (I think thats the name of it, Im still learning all of this!) - In other words, dont get married to a Pennystock lol - ALSO! know when to stop your losses
The moral of the story is that you gotta have a plan. You cant just do without thinking and expect great returns. And its okay to make these dumbass mistakes I've made. I know for a fact I am not the only one. As a human being with a brain, it is your responsibility to understand that you dont know what you dont know and educate your damn self so that you learn from those mistakes and start taking some profit.
Why do I say I haven't fully learned it yet? Because I am a damn idiot and fuck up a lot. But thats how I learn. I know a lot more now than I did before. Everywhere I look I see people saying that new traders lose money. My self fulfilling prophecy says: "Thats because they are not me" the reality is, its because I just dont know any better, and until I can consistently and strategically invest and profit from it, I cant say that I have learned my lesson.
submitted by alef91 to pennystocks [link] [comments]

https://fxtrades.ml/ is a scam

I have a lot of evidence that they are a scam website. DO NOT SEND BITCOIN CURRENCY OR TRANSFER MONEY TO THE COMPANY THROUGH THIS WEBSITE A 'lady' on Instagram added me by the name of 'Lisa' and asked me multiple questions ranging from if I have a job to if I am ready to invest in her company with only her word to hold her accountable. Immediately I thought it was sketchy and was skeptical but nevertheless, I pressed on for more information because why wouldnt I, free money... anyway, she sent me no contract, a sketched out website that didnt look real and asked me to make a payment up front explaining I would make my money back in a weeks time. Truth is that they take the money and use the week to cut you off from all sources. She finished every sentence with 'okay' and sent me her client's testimonies saying trust lisa guys. I have all the videos saved for further investigation and her "license" that has been photoshopped so poorly that it's not even centered on the certification or in the same font. Do not trust this website or its content. You are sure to be scammed.
submitted by Photocandy to Scams [link] [comments]

Former Cryptocurrency hater looking for info.

I had previously swore off bitcoin after losing ~$15k in early 2018. I was a new inexperienced investotrader (i didnt even know the difference at the time) and saw what i thought was an opportunity of a lifetime to get on board with the future -> Invested heavily into GBTC early 2018 -> Instantly became a bagholder when it dropped -> it continued to drop with no end in sight -> held and prayed as long as i could then eventually cut my losses and moved on.
Initially I blamed bitcoin for my loss and considered it a scam like an immature twat but now i know better. The only reason i lost money was because i made mistakes plain and simple.
Currently i am loosing faith in the US dollar...and the US in general. The amount of money printed this year makes me want to fucking barf. My savings being robbed via some backhanded bullshit called "inflation" annoys me to no end. I have made some money on gold this year but was thinking last night about how closing my mind to crypto not only goes against my free market beliefs, but that cryptocurrency provides me a direct means of expressing "fuck the feds" via my wallet.
I have a hard time simply googling this topic because of the widespread hate so starting here among supporters. Looking for some opinions on what you believe the most viable long term CCs are? Which ones have the most potential and why? even posting what you consider a trustworthy article/source for me to do my own research would be greatly appreciated.
submitted by zghorner to Anarcho_Capitalism [link] [comments]

The White Dragon : A Canadian Dragon Portfolio

Alright guys, Ive been working on this for a while and a post on here by a guy describing his portfolio here was the final kick in the ass for me to put this together. I started writing this to summarize what Im doing for my friends who are beginners, and also for me to make some sense of it for myself
Hopefully parts of it are useful to you, and also ideally you guys can point out errors or have a suggestion or two. I'm posting this here as opposed to investing or canadianinvestor (blech) because they're just gonna tell me to buy an index fund.
This first section is a preamble describing the Canadian tax situation and why Im doing things the way that I am. Feel free to skip it if you dont care about that. Also, there might be mistake regarding what the laws are here so dont take my word for it and verify it for yourself please.
So here in Canada we have two types of registered accounts (theres actually more but whatver). There is the TFSA "Tax Free Savings Account", and RRSP "Registered Retirement Savings Account"
For the sake of simplicity, from the time you turn 18 you are allowed to deposit 5k (it changes year to year based on inflation etc)in each of them. That "room" accumulates retroactively, so if you haventdone anything and are starting today and you are 30 you have around 60k you can put in each of them. The prevailing wisdom is that you should max out the TFSA first and you'll see why in a minute.

TFSA is post tax deposits, with no capital gains or other taxes applied to selling your securities, dividends or anything else. You can withdraw your gains at any time, and the amount that you withdraw is added to the "room" you have for the next year. So lets say I maxed out my TFSA contributions and I take out 20k today, on January of next year I can put back in 20k plus the 5 or whatever they allow for that year. You can see how powerful this is. Theres a few limitations on what is eligable to be held in the TFSA such as bitcoin/bitcoin ETFs, overseas stocks that arent listed on NYSE, TSX, london and a few others. You can Buy to Open and Sell to Close call and put options as well as write Covered Calls.

The RRSP is pre-tax deposits and is a tax deferred scheme. You deposit to lower your income tax burden (and hopefully drop below a bracket) but once you retire you will be taxed on anything you pull out. Withdrawing early has huge penalties and isnt recommended. You are however allowed to borrow against it for a down payment as a first time home buyer. The strategy with these is that a youngperson entering the workforce is likely to be in a fairly low tax bracket and (hopefully) earns more money as they get older and more skilled so the RRSP has more value the greater your pre-taxincome is. You can also do this Self Directed. Its not relevant to this strategy but I included it for the sake of context.
Non registered accounts ( or any other situation, such as selling commercial real estate etc) is subject to a capital gains tax. In so far as I understand it, you add all your gains and losses up at the end of the year. If its a positive number, you cut that number IN HALF and add it to your regular pre-tax income. So if I made 60k from the dayjob and 20k on my margin account that adds up to 70k that I get taxed on. if its a loss, you carry that forward into the next year. Theres no distinction between long term and short term. Also physical PMs are treated differently and I'll fill that part in later once I have the details down.
The reason why all that babble is important is that my broker Questrade, which isnt as good as IB (the only real other option up here as far as Im aware) has one amazing feature that no other broker has: "Margin Power"
If you have a TFSA and a Margin account with them, you can link them together and have your securities in the TFSA collateralise your Margin account. Essentially, when it comes to the Maintenance Excess of the Margin Account QT doesnt care if its in the TFSA *or* the Margin!
You can see how powerful this is.
------------------------------------------------------------------------------------------------------------------------------------------------
So as you can tell by the title, a lot of this is heavily inspired by Chris Cole's paper "The Allegory of the Hawk and the Serpent". You can read it here: https://www.artemiscm.com/welcome#research
Between it, his interviews and my mediocre options skills at the time my mind was blown. Unfortunately I didnt know how to do the Long Volatility part until after the crash in March but I've since then had nothing but time to scour the internet and learn as much as I could.
The way I interpret this isnt necessarily "what you should have right now", but what abstracted model they were able to backtest that gave them the best performance over the 90 years. Also, a lot of my portfolio I already had before I started trying to build this.
As such my allocations dont match the proportions he gave. Not saying my allocations are better, just showing where they are at this time.
I'm going to describe how I do Long Volatility at the end rather than the beginning since the way *I* do it wont make sense until you see the rest of the portflio.

Physical PMs 22%
I'm not sure wether he intended this to be straight up physical gold or include miners and royalty streaming companies so I will just keep this as physical.
I consider Silver to be a non-expiring call option on gold, so that can live here too. I am actually *very* overweight silver and my strategy is to convert a large portion of it to gold (mostly my bars) to gold as the ratio tightens up.
If youre into crypto, you can arguably say that has a place in this section.
If an ETF makes sense for part of your portfolio, I suggest the Sprott ones such as PHYS. Sprott is an honest business and they actually have the metal they say they have. If you have enough, you can redeem your shares from the Royal Canadian Mint. The only downside is that they dont have an options chain, so you cant sell covered calls etc. Simple enough I suppose.
One thing to bear in mind, there is a double edged sword with this class of assets. They're out of the system, theyre nobody's business but your own and theres no counter party. That unfortunately means that you cant lever against it for margin or sell covered calls etc. You can still buy puts though (more on that later)

Commodity Trend (CTA) 10%
https://youtu.be/tac8sWPZW0w
Patrick Ceresna gave a good presentation on what this strategy is. Until I watched this video I just thought it meant "buy commodities". A real CTA does this with futures also so aside from the way he showed, there are two other ETFs that are worth looking at.
COM - This is an explicit trend following ETF that follows a LONG/FLAT strategy instead of LONG/SHORT on a pile of commodity futures. So if they get a "sell" signal for oil or soybeans they sell what they have and go to cash.
COMT- Holds an assortment of different month futures in different commodities, as well as a *lot* of various related shares in producers. Its almost a one stop shop commodities portfolio. Pays a respectable dividend in December
If you want to break the "rules" of CTA, and include equities theres a few others that are also worth looking at
KOL- This is a coal ETF. The problems with it are that a lot of the holdings dont have much to do with coal. One of them is a tractor company. A lot of the companies are Chinese so theres a bit of a red flag.
Obviously Thermal Coal, the kind used for heating and powerplants isnt in vogue and wont be moving forward...but coking coal is used for steel manufacturing and that ain't going anywhere. The dividend is huge, pays out in December. A very very small position might be worth the risk.
Uranium- I'm in URA because thats the only way for me to get exposure to Kazatoprom (#1 producer), which is 20% of the holdings. The other 20% is Cameco (#2 producer)and then its random stuff.
Other than that I have shares in Denison which seems like its a good business with some interesting projects underway. I'm still studying the uranium space so I dont really have much to say about it of any value.
RSX- Russia large caps. If you dont want to pick between the myriad of undervalued, high dividend paying commodity companies that Russia has then just grab this. It only pays in December but it has a liquid options chain so you can do Covered Calls in the meantime if you want.
NTR- Nutrien, canadian company that was formed when two others merged. They are now the worlds largest potash producer. Pretty good dividend. They have some financial difficulties and the stocks been in a downtrend forever. I feel its a good candidate to watch or sell some puts on.
I'm trying to come up with a way to play agriculture since this new phase we're going to be entering is likely to cause huge food shortages.

EURN and NAT- I got in fairly early on the Tanker hype before it was even hype as a way to short oil but I got greedy and lost a lot of my gains. I pared down my position and I'm staying for the dividend.
If you get an oil sell signal, this might be a way to play that still.

Fixed Income/Bonds 10%

Now, I am not a bond expert but unless youre doing some wacky spreads with futures or whatever... I dont see much reason to buy government debt any more. If you are, youre basically betting that they take rates negative. Raoul Pal of Real Vision is pretty firm in his conviction that this will happen. I know better than to argue with him but I dont see risk/reward as being of much value.
HOWEVER, I found two interesting ETFs that seem to bring something to this portfolio
IVOL- This is run by Nancy Davis, and is comprised of TIPS bonds which are nominally inflation protected (doubt its real inflation but whatever) overlayed with some OTC options that are designed to pay off big if the Fed loses control of the long end of the yield curve, which is what might happen during a real inflation situation. Pays out a decent yield monthly
TAIL- This is a simpler portfolio of 10yr treasuries with ladder of puts on the SPX. Pays quarterly.

Equities 58% (shared with options/volatility below)
This is where it gets interesting, obviously most of this is in mining shares but before I get to those I found some interesting stuff that I'm intending to build up as I pare down my miners when the time comes to start doing that.
VIRT- I cant remember where I saw this, but people were talking about this as a volatility play. Its not perfect, but look at the chart compared to SPY. Its a HFT/market making operation, the wackier things get the more pennies they can scalp. A 4% dividend isnt shabby either.
FUND- This is an interesting closed end fund run by Whitney George, one of the principals at Sprott. He took it with him when he joined the company. Ive read his reports and interviews and I really like his approach to value and investing. He's kind of like if Warren Buffett was a gold bug. Theres 120 holdings in there, mostly small caps and very diverse...chicken factories, ball bearings all kinds of boring ass shit that nobody knows exists. Whats crucial is that most of it "needs to exist". Between him, his family and other people at Sprott they control 40% or so of the shares, so they definitely have skin in the game. Generous dividend.
ZIG- This is a "deep value" strategy fund, run by Tobias Carlisle. He has a fairly simple valuation formula called the Acquirer's Multiple that when he backtested it, is supposed to perform very well. He did an interview with Chris Cole on real Vision where he discusses how Value and Deep Value havent done well recently, but over the last 100 years have proven to be very viable strategies. If we feel that theres a new cycle brewing, then this strategy may work again moving forward.

I want to pause and point out something here, Chris Cole, Nassim Taleb and the guys at Mutiny Fund spend a lot of effort explaining that building a portfolio is a lot like putting together a good basketall team. They need to work together, and pick up each others slack
A lot of the ETFs I'm listing here are in many ways portfolios in and of themselves and are *actively managed*. I specifically chose them because they follow a methodology that I respect but I can't do myself because I dont have the skill, temperament or access to.
The next one is a hidden gem and ties into this. I'm not sure how much more upside there is in this one but man was I surprised.
SII- Sprott Inc. I *never* see people listing this stock in their PMs portfolios. A newsletter I'm subscribed to described this stock as the safest way to play junior miners. Their industry presence, intellectual capital and connections means that they get *the best* private placement deals in the best opportunities. I cant compete with a staff like theirs and I'm not going to try. I bought this at 2.50, and I liked the dividend. Since then they did a reverse split to get on the NYSE and like the day after the stock soared.
When it comes to mining ETFS I like GOAU and SILJ the best. None of their major holdings are dead weight companies that are only there because of market cap. I dont want Barrick in my portfolio etc.
SGDJ is a neat version of GDXJ.
Aside from that my individual miners/royalty companies are (no particular order)
MMX
SAND
PAAS
PGM
AUM
AG
MUX
RIO- Rio2 on the tsx, not rio tinto
KTN
KL
Options/Volatility: varies
So this is where we get to the part about options, Volatility and how I do it. I started out in the options space with The Wheel strategy and the Tastytrade approach of selling premium. The spreads and puts I sell, are on shares listed above, in fact some of those I dont hold anymore.
Theres tons of stuff on this in thetagang and options so I wont go into a whole bunch (and you shouldnt be learning the mechanics from me anyway) but theres one thing I want to go over before it gets wild.
If I sell a Cash Secured Put, from a risk management perspective its identical to just buying 100 shares of the underlying security. You are equally "Short Vol" as well, it just that with options
its a little more explicit with the Greeks and everything. But if I use my margin that I was talking about earlier, then I can still collect the premium and the interest doesnt kick in unless Im actually assigned the shares.
But if I sell too many puts on KL or AG, and something happens where the miners get cut down (and lets be real, they all move together) my margin goes down and then I get assigned and kaboom...my account gets blown up
So what I need to do, is balance out the huge Short Vol situation in my portfolio, be net Long Vol and directly hedge my positions. Since the overwhelming majority of my equities are all tied to bullion this is actually a very easy thing to do.

Backspreads
https://youtu.be/pvX5_rkm5x0
https://youtu.be/-jTvWOGVsK8
https://youtu.be/muYjjm934iY

So I set this up so the vast majority of my margin is tied up in these 1-2 or even 1-3 ratio put spreads that *I actually put on for a small credit*, and roll them every once in a while. I run them on SLV, and GDX.
I keep enough room on my margin so I can withstand a 10% drawdown before it sets off the long end of the spreads and then I can ride it out until it turns around and we keep the PM bull market going.
Theres another cool spread I've been using, which is a modified Jade Lizard; if already hold shares, I'll sell a put, sell a covered call, and use some of the premium to buy a longer dated call. Ive been running this on AG mostly.
I have a few more spreads I can show you but Im tired now so it'll have to wait for later.
As I said multiple times, I do intend to trim these miners later but now isnt the time for that IMO. I'm also monitoring this almost full time since I have an injury and have nothing better to do until I heal :p
submitted by ChudBuntsman to pmstocks [link] [comments]

100 things to do while the Destiny 2 servers are down:

  1. Clean your apartment
  2. Clean your neighbors apartment
  3. Make your apartment dirty and clean it again
  4. Clean your car
  5. Don't have a car? Buy one and clean it
  6. Clean your bicycle
  7. Invade Russia (but not during the winter)
  8. Read a Book
  9. Write a book
  10. Learn to read
  11. make a list
  12. procrastinate on said list
  13. realize you don't have a video game to play and go back to said list
  14. indulge in thinking about how lonely you are and how your life revolves around a video game
  15. play rock paper scissors in the mirror
  16. curse the gods for taking your game offline
  17. apologize to the gods because you didnt really mean it in case they are real
  18. do drugs
  19. realize that was not a smart idea
  20. sit around and wait for the drugs to wear off
  21. go shopping
  22. dont have money? get a job.
  23. quit your job
  24. Step into a war with the cabal on Mars
  25. realize that making lists really takes a lot of effort and you are putting way too much into this joke
  26. get yelled at by your boss for being on reddit (only if you didnt do number 23)
  27. look through a telescope at the moon
  28. open up a savings account
  29. If you're in America, bathe in student loan-debt
  30. get angry at the healthcare system too
  31. catch up on that season of a show you have been putting off
  32. call your dad and tell him you love him
  33. get angry when you realize he's still dissappointed in you even though you try really hard to love him
  34. Buy Destiny 1 (I lied, read a book again)
  35. realize there is way too much shit to do on Destiny 1 and have an anxiety attack (another lie, but feel free to have an anxiety attack anyway)
  36. Buy Anthem
  37. finish Anthem, you still have 10 hours left
  38. Leave Russia, as it is now Winter
  39. Watch Game of Thrones up until season 7
  40. Make breakfast
  41. make lunch
  42. make dinner
  43. have a thumb war with yourself
  44. help an elderly person cross the street
  45. play game of hide and go seek with your dreams and aspirations
  46. Start a fight club but dont tell anyone about it
  47. Hello there, General Kenobie
  48. Wow this list is long, um make a side list of you're favorite mount rushmore presidents

48a. Abe Lincoln
48b. Teddy Roosevelt
48c. G Dub
48d. T Jeff

  1. Quit procrastinating and get back to this list
  2. Have some alone time ;)
  3. Heavily invest in Bitcoin
  4. If you or a loved one you know has been diagnosed with Mesothelioma, contact your local attorney
  5. Check twitter
  6. realize twitter is a cesspool and close out of it
  7. Realize you have a call at 10:30am EST for your job and need to stop doing this list real quick.
  8. Watch CammyCakes, Aztecross (guys, seriously guys, you need to watch his video. they're nasty, just.. Nasty, fellas.) & Datto videos.
  9. Read Sun-Tzu's Art of War
  10. Learn some entirely true Destiny facts
  11. Kick shit in the face in real life, if that's all you ever wanted.
  12. Watch the Bungie Vidoc for Shadowkeep 24 times.
  13. Divide by the number 0.
  14. Get angry that this dude that was supposed to call me at 10:30am EST has yet to call me
  15. Watch the LOTR trilogy director's cut.
  16. Contemplate why Adam Sandler ever made Jack & Jill
  17. Die on the inside just a little more.
  18. Calculate all the different possibilities in the infinite forest because there is no such thing as infinity.
  19. Really think hard about 66
  20. Keep thinking about it.
  21. Nice.
  22. Write fan-fic for your favorite guardians.
  23. Be disgusted with yourself.
  24. Start thinking of random facts you can annoy your coworkers with.
  25. Quick, think of the first animal that comes to your mind that starts with a K
  26. continue to think about Kangaroos
  27. go on to zillow.com and find a bunch of expensive houses you can't afford
  28. give you pet a pep-talk
  29. give yourself a pep-talk
  30. Smile because you are alive and matter in this world and you bring joy to at least one person's life
  31. Stare at the clock until the servers are back up
  32. Fight climate change
  33. try and do dub-step music with just your mouth
  34. Think of every word that is onomatopoeia.
  35. research Oedipus Syndrome
  36. Do some arts and crafts
  37. Clean your room again
  38. Tap your fingers anxiously
  39. Ask yourself why you are still reading this list.
  40. Slide to the left
  41. Slide to the right.
  42. Freeze.
  43. Everybody clap your hands.
  44. (continue clapping)
  45. Learn a new language.
  46. Quit learning it once you learn the curse words cause that's all you wanted to know.
  47. Be honest with yourself.
  48. Browse through destinythegame new
  49. Look at a couple "Hey guys I haven't played since _______, what should I do" posts
  50. Gild a post if someone puts a lot of effort into it "wink" fucking "wink"
  51. have a lot of problems but a B**** aint one
  52. Now what?
  53. Exceed Expectations.
submitted by KentuckyBourbon94 to DestinyTheGame [link] [comments]

Late 20s and quit my high paying job to move to southeast asia - what to do with my money

Hi everyone,
I'm 27 and I had a mental crisis and it caused me to quit my job earlier this year to decide move to to southeast asia and work / travel. Now it's all delayed due to COVID19, but still happening as of now. I'm realizing my financial situation is going to change drastically and I have a lot of questions, as I have been terrible with my money, no plans for saving, buying things on a whim, randomly buying stocks when I felt like it, unplanned trips or gifts that were unnecessary. And now I am basically going from 95 - 125k/yr for the past 6 years -> 36k. And Im freaking out. My situation:
15k student loans
15k cash
10k cash coming in (selling motorcycle and other stuff and tax return)
83k in my 401k
11k in stocks
1 Bitcoin
So my first question is should I roll over my 401k into an IRA? And should I go traditional or roth? I have been putting it half traditional half roth in my 401k because I didnt really know the difference... Also I need to look at what funds I'm selecting, i literally took 20 and put 5% in each because I thought that was what diversifying meant. And now that I'll be making 3k a month, is putting 300 a month enough for retirement for the next 2 years at least, if not more? Or will I be screwed when I am old for the decisions I'm making now. I believe these contributions while I'm abroad should be roth as I'll be in a low bracket.
Next is what should I do about my student loans? I started with like 45k and now they're at about 15. I can pay them off but I'm really concerned about not having access to money as I wont be making a lot, and right now I'm making none. I know I should have been paying those off instead of wasting it all partying and buying stuff but it is what it is. All my other investments I was hoping to save towards a house one day so I don't have any intention about touching them which is why I'm worried about paying off my loans.
Also where is the best place to sell gold jewelry? I heard pawn shops will rip you off pretty bad and I havent had any luck selling on ebay.
submitted by didntbreakthepipe to personalfinance [link] [comments]

The TRUE story of yesbackpage/bedpage/ebackpage/afterdarkads and all the BP replacement pop ups written by an insider

Thisa is not an ad... I am responding to about 50 emails I got from a lot of sexworkers all over the country. 2 suggested I post the answers here. A LOT of sexworkers have lost money, been ripped off, ads deleted, and more... I am only trying to let them know what happened... I removed any actual links to sites. THis is just for sexworker information and reference.
There are so many rumors and so much misinformation out there regarding all the backpage popup sites... I think its time that someone tell everyone what is REALLY going on.
First, who am I and how do I know all this. I worked for backpage, I started with the village voice, and long story short, I ended up working in the alternative payment section. I left to form my own company, and have since been involved with several startups, including yesbackpage, bedpage, ebackpage and afterdarkads
I started with backpage in 2011 when craigslist was still king. a $5 ad could get an escort a shit ton of calls, and you needed not much else. escorts.com was still up, and really only higher end girls and agency's were on eros.
when craigslist shut down, traffic to BP jumped 10,000%... it was nuts. we lost servers, it was insane. before this it cost an avg of .25 cents to post. within a week we were at $3 in most cities.
Soon after the state AG's (we called them the gang of 11) turned attention to us. There was 11 states atty generals seeking to shut us down, like they basically did craigslist.
well our bosses (Dan Hyer, and ultimately Carl Ferrer) decided to fight. They were real 1st amendment libertarian types... and frankly I agree with them. I think there might of been better ways... but the REAL top guys Michael Lacey and James Larkin were fighters.
IN the end this put us on the skyline, and led by Tom Dart, a sheriff in Chicago, they ended up getting the credit card processing shut down.
That's when my work really started.
We went through and picked a lot of accts that we "trusted" and had spent a lot with us... we secured credit card processing through dummy accounts, and let those specific accts still pay through them... but between charge-backs, and people turning us in on those accts... we would lose almost as much as we made. Hiding the accounts was really pushing legal limits... and eventually we ran out of ways to get new accounts. They couldn't handle the volume.
Me and another fella I'll call "T" devised the idea to accept bitcoin.
It was a slow start, and teaching sex workers how to use bitcoin was tough... but it took off.
Then came backpagecredits. A strip club owner from myrtle beach heard about all this and built a website called backpagecredits.com he allowed people to buy bitcoin from him with a credit card... and the site would automatically put the bitcoin in your backpage account. This was HUGE, and we all did millions in business... it kinda saved the site...
Then april 2018 came... the feds seized backpage, and that was that. We were all out of work, lot of people were going to jail. The strip club guy sold off his end of the site and went to prison for other stuff...
Well I had moved overseas, so I was not subject to US law. I contacted a programmer I knew in Dhaka, Bangladesh. A real shitbag named Siddiq Khan. I did not know what a criminal POS he was then... anyway, I asked him to set up a new site, a clone of backpage. He did it. it took a few weeks, but he showed me "yesbackpage.de" (yesbackpage.com redirects to it)
Our agreement was we would split it all 50/50, I knew he had worked on the programming side at backpage for a bit, and was interested in doing something together. I trusted him (mistake)
I then contacted the new guys that owned backpagecredits, and brought them on as a payment processor...
We then contacted ALL the old BPC customers, told them about the new site... and BOOM... it was online and running.
I worked hard to market it... I hired Risa Jenner from vegas to help... it was all solid and good stuff. We gave away over $250k to old customers of backpage that lost a lot of money when it was shut down. We gave a lot to charity, we tried to help the sexworkers in the industry. We thought we were doing good work for sexworkers.
Now while I was doing all this... what I didnt know was siddiq had also built ebackapge, ibackpage, onebackpage, and I dont know how many other clone sites... and every time there was a new customer on YBP, he was copying the act over to the other sites... he was taking ALL the money from the other sites... real scummy shit. He used us to grow them... stealing everything and doing a lot of shitty stuff to customers (more about that below) afterdarkads.com didnt exist yet... tryst.link was in its infancy and had not taken off... and that alligator site from Australia was too busy bashing everyone else online to promote themselves
Siddiq had worked with bedpage back in the day, bedpage was a site that just knew that backpage was not gonna last forever, they actually opened long before backapge was closed... I still think it was a few other backpage employees that started it..thats how he knew all the ins and outs of these style sites... but he was fired. After talking to them, I guess Siddiq got caught fucking another dude in the break room closet... they really dont like homosexuals over there, so they kicked him out. Thats when he contacted me about starting our own site. He needed help marketing.
Anyway... he was bedpage, now hes got all these other sites, and I dont know about ANY of it... the only site I knew he was affiliated with was yesbackpage and me.
SO yesbackpage starts doing really good. I am spending a LOT of money marketing... and we get it to be the top result in google for sexworkers to post on... people are starting to book a lot of calls... things are good...
Then siddiq finds out that he can make a lot of money posting fake ads... and directing traffic to sites like ashley madison or cam sites.
I told him this was a bad idea... that if he does this... it makes the REAL customers spend more money to compete... thats screwing them...
He does not care, and tells me to fuck off... he will do what he wants.
We argue... it is half my site after all... and one day I wake up, and I am locked out... I cant log into the admin panel... backpagecredits is all screwed up ( he destroyed the code), and he stole the email that we used to run the twitter account. He starts posting BS on twitter about ex employees... its a total mess.
So I left again, and I am done with the industry. I am living back in the states for now, and running a t-shirt company and some other ecommerce sites online... doing well... recently a few people found me that are starting a new site. They are a group of former sex workers from Charlotte and Dallas... GOOD people. they started "afterdarkads". I am working with them as a consultant and helping get them going. Risa is done with it all... I think shes working with a strip club in vegas now.
Anyhow... here is the truth about how all these sites came to be.
Bedpage really DID give out a "god" password to a lot of law enforcement agencies... I talked to a girl in Texas that actually was arrested, and they logged right into the act in front of her. Siddiq told me about it, I know its true.
A few of the other sites like ebackpage and onebackpage siddiq sold to other spammers in Bangledesh... they are all over india and Dhaka. He has NOTHING to do with afterdarkads.com so there is that
All the while, you are paying to post your ads and keep them visible, (bump your ads and repost) Siddiq is posting his own ads for free... they use YOU to bring in traffic to the site, but then redirect the customers off to ashley madison or other sites so they can make money. Right now they get $150 for every sign up... if they post 100 ads, they will get a hundred sign ups... its unreal... meanwhile REAL sex workers are paying to post ads like crazy so their own ads are visible. Thats why I liked working with afterdarkads, they at least will not allow fake posters. they are real sex workers and they get it... they also made it free to post, only charging for upgrades. They care about sexworkers becasue they are sexworkers. Same with Tryst they are working hard for the community. I dont agree with a lot of their choices... but they are doing a good job. I honestly think they will be the next to fall. They have become the tallest tree in the storm Eros is pretty much done, those poor fuckers are on the run. Offices raided, moved to Eur
One thing all sex workers should look for, is the verified feature...bedpage and afterdarkads.com both have it, but i think bedpage will let anyone get it without any verification.... I know (at least for now) afterdarkads is really "verifying" the girls. A LOT of customers on bedpage liked this... so hopefully other sites start using it as well. For a few bucks extra they put a green "verified" logo on your ad... they contact you to make sure you are a real poster not a scam or spammer, and if your pics look fake, they contact you and ask for a pic proving it with you holding up a paper with the site name afterdarkads on it. verifiedvixens tried the same thing... but they were charging too much.
I hate that so many sexworkers support siddiq and all his spam sites like yesbackpage and they dont even know it or what they are doing... he literally rips you all off every time you post.
Go look at your acct history.. he has a program that deletes a few dollars from the acct every few weeks... just a $1 at a time... this is just to get you to buy more credits more often... and the math on posting?? lol... it does not ad up... the system always adds money to the cost at checkout when posting... all just to fuck you.
It is my understanding he sold one of the sites to a group that was trying to do it a little better, but I dont know for sure.
The only SAFE sites I know to post on are tryst.link, afterdarkads.com skipthegames.com, and escort alligator. Slixa.com I am hearing a LOT of things from my former coworkers at BP... slixa is supposed to be compromised... but I dont know that for sure, and frankly dont want to start MORE rumors... I dont like the site from a clients perspective much... from a advertisers perspective its ok. They do great marketing.
Tryst is gonna have problems because they are acting like they are in control... telling you what you cant say in your ads that offends them (everyone so offended these days) like now you cant refuse to see AA in your tryst ad. Total bullshit.
afterdarkads.com is free and they are really serious about keeping fake posters of the site. That is huge to me, same with Tryst.link ... they are really committed to verification of every user, although they are far from free... they use a site called adacredits.com to allow payment, and its ok. I like the sites that have simple CC payment better, but the industry is not gonna allow that easy for a long time in the US
both afterdarkads and tryst and skip the games are all getting AWESOME reviews on usasexguide.info and in a few other boards.
yesbackpage is hopefully done... I hope that fucker gets a disease and dies for what he is doing to sexworkers... but in the mean time, almost 100% of the ads are all fake... soon the clients will realize it... if enough of you spread the word.. it will die. Dont waste your money competing with fake ads!
another thing that sucks about what yesbackpage and all the other sites are doing is it scares off clients... these guys are lookin for real posts from real sexworkers... when 99 out of 100 ads are all fake, designed to collect cell numbers or emails... or direct you to fake cam sites and other shit... they stop searching like this... I know a LOT of agencies and pimps are all sayign business is booming because sexworkers are being FORCED to come back to them to book calls.
support the sites that support the community guys... not the ones that exploit you and fuck you over.
in the end what I really know about this industry... you need to advertise on as many LEGIT and safe sites as you can... every ad dollar you spend needs to be an investment that brings a positive return... be careful posting on sites that charge but screw you over... and just be careful period... there are a lot of shitty people out there , and they love hurting sexworkers.
be safe and be well all!
submitted by jennersteve2 to SexWorkers [link] [comments]

Removed comments/submissions for /u/OverLeveraged14

Hi OverLeveraged14, you're not shadowbanned, but 97 of your most recent 105 comments/submissions were removed (either automatically or by human moderators).

Comments:

ft8ds4z in CryptoCurrency on 07 Jun 20 (1pts):
bitcoin relies 100% on confirmation bias. everyone yells ''its amazing'' because they're financially biased, but they dont actually believe it. they just hope someone will pump their bags. to me the...
frm76ad in Crypto_com on 24 May 20 (1pts):
simply put, they dont support canadian banking and canadian dollars. at least yet. might change when they add debit card for canada since i would assume that will be denominated in CAD but i could...
frkvb1u in CryptoCurrency on 23 May 20 (1pts):
eth has a 5x premium on greyscale, i just dont understand how anyone can accept that lol. https://i.imgur.com/eeXlo9H.png
frkloxd in Crypto_com on 23 May 20 (1pts):
keep calm and eat jellybeans.
frkiibm in CryptoCurrency on 23 May 20 (1pts):
bitcoin answer to this is ''but store of value bruhh''
frkfuy6 in Crypto_com on 23 May 20 (1pts):
you can use it to go 1.5x leverage. loan 5k, buy btc, btc goes up, sell 5k worth and keep the difference. free real estate bruh! just kidding, leverage is dangerous :)
frk8jee in CryptoCurrency on 23 May 20 (1pts):
Zcoin, its an establish coin that's been around for a while, has some interesting stuff happening this year but mainly just looking at the chart is enough for me to take the risk. bought a...
frk6eir in CryptoCurrency on 23 May 20 (1pts):
beware of POS coins in general. it doesnt matter if you make 100% if the coin goes down 90%, you still lose 80% of your money. its fine to prefer pos over pow if you dont care about the security as...
frk5z26 in CryptoCurrency on 23 May 20 (1pts):
im sure Kenyans love paying half their wealth in fees.
frk5mht in CryptoCurrency on 23 May 20 (1pts):
fwiw, there's a loser on each side of a trade.
frk5hn6 in CryptoCurrency on 23 May 20 (1pts):
here's a little tip, if a coin has a sub coin to pay fees, its garbage.
frk5cdn in CryptoCurrency on 23 May 20 (1pts):
haaa yes, the indicators that rewrite themselves to make it look like they called the shots
frk4pia in CryptoCurrency on 23 May 20 (1pts):
i like cryptowatch. has standard list but also has charts and a few other useful views like this. https://cryptowat.ch/cards/assets also has a bunch of other...
frk2zzv in CryptoCurrency on 23 May 20 (1pts):
i cant wait for 1000sat/byte as a standard when btc hits 100k$! its gon be great! i really dont care if 90% of my paycheck vanishes in a transaction fee cause ill hodl till i die! i already threw...
frjwzk9 in CryptoCurrency on 23 May 20 (1pts):
well, at least he's not shilling a scam this time i guess?
frjvori in CryptoCurrency on 23 May 20 (1pts):
people didnt expect that kind of bull run in 2016, at least no that i remember. there was some hype early on in 2017, specially because of ETH, i still cant tel wheter or not btc rode on eth's...
frjt8r7 in CryptoCurrency on 23 May 20 (1pts):
eth by far. bitcoin is racing towards a dead end and everyone knows it but choose to ignore it and scream moon all day long. its sad but true bitcoin cant sustain anymore growth and there's no plan...
frjr53k in technology on 23 May 20 (1pts):
how about let it fucking sink so it can be bought for a penny on the dollar? only thing this system is doing is promoting irresponsible business management because ''why take precautions or innovate...
frjq6q8 in technology on 23 May 20 (1pts):
the best way to make you gmail inbox safer is to use protonmail instead haha.
frjg2ez in CryptoCurrency on 23 May 20 (1pts):
i can attest to this. i did a piece that shows how 4mb block would HELP bitcoin adoption AND decentralization and was banned for promoting BCH, which i havent talked about once in all of my...
frjfwao in CryptoCurrency on 23 May 20 (1pts):
no, its means goldman needs a conference call to tel investors not to buy bitcoin.
frjfehq in CryptoCurrency on 23 May 20 (1pts):
proof of funds is the scummiest bullshit ever created. allows institutions to literally steal money from legitimate users who cant provide a proof. its easy for freshly earned money now that we know...
frjbtml in CryptoCurrency on 23 May 20 (1pts):
it doesnt really matter how much the fed prints, because it wont leave the fed without someone taking the loans, and nobody wants a loan right now. theses funds mainly exist in order to prevent the...
frgj543 in politics on 22 May 20 (1pts):
why? its not like he has issues routing a billion dollars of public funds over to Ukraine.
frggmty in CryptoCurrency on 22 May 20 (1pts):
''in a nutshell'' dont hang out in bitcoin or btc, bitcoin has gestapo mods and btc is salt all day long.
frfp692 in WhitePeopleTwitter on 22 May 20 (1pts):
just go gamble 100x till you make it, ez.
frfoe8c in LifeProTips on 22 May 20 (1pts):
Discord my friend, Discord.
free9l1 in CryptoCurrency on 22 May 20 (1pts):
hahaha, no.
fredual in CryptoCurrency on 22 May 20 (1pts):
dw bout it, everyone pays to learn in this space. some later than others. better take your loses early on rather than get your illusion of success shattered down the road.
frdpvm8 in CryptoCurrency on 21 May 20 (1pts):
all you had to do is claim you hex, for free. if you dont pay for something, how are you getting scammed? you have no clue who gave him that eth, for what purpose, and if they're okay with him...
frdo9tl in CryptoCurrency on 21 May 20 (1pts):
lets be honest, sending them to an exchange that has ''Fren with justin sun'' written all over it was not exactly his most genius moment.
frde4ag in CryptoCurrency on 21 May 20 (1pts):
folding is great but it honestly pisses me off at the same time. there is so much spare computing power owned by american companies and almost all of it is never put to use for folding, it should be...
frddkuy in CryptoCurrency on 21 May 20 (1pts):
''investing'' in crypto is honestly the wrong way to think about it. gambling is a much better term. at best you're all in on btc and you're hedging against fiat inflation, at worst you buy any...
frdcffn in CryptoCurrency on 21 May 20 (1pts):
that explains why you know nothing about it.
frdaz60 in CryptoCurrency on 21 May 20 (1pts):
doubtful. negative interest rates in a deflationary environment wont be a big deal. yall really seem to misunderstand how good the USD is at fucking you over. keep believing hyperinflation is gonna...
frdantd in CryptoCurrency on 21 May 20 (1pts):
you havent seen nothing yet my man. 2017 had fees up to 100$. its gonna happen again.
frcveyn in CryptoCurrency on 21 May 20 (1pts):
considering he thinks bitmex sells trader's fund on spot after they place a trade, its fair to say this guy doesnt know anything about anything.
frcn75e in CryptoCurrency on 21 May 20 (1pts):
this is the dumbest article ever made on crypto.
frcmmkz in CryptoCurrency on 21 May 20 (1pts):
you're an idiot.
frcgfqm in CryptoCurrency on 21 May 20 (1pts):
while i agree that bitcoin sucks as it is and needs a block size increase (4mb would be perfect for now and wouldnt change a damn thing about decentralization) bsv is garbage and bch too.
frcg7pc in CryptoCurrency on 21 May 20 (1pts):
those 3 pools are also made of thousands of individuals. its not the pools' hashrate. if they start messing with the network, that hashrate will leave fast as fuck.
frc3yb5 in CryptoCurrency on 21 May 20 (1pts):
yet only 5mil in liquidity. useless network.
frbyhp0 in CryptoCurrency on 21 May 20 (1pts):
btc blocks should be 4mb-8mb right now to keep in line with technological advancement since the 1mb block limit was implemented. prove me wrong. ill debate anyone. and before you ask, im a btc...
frbxj5j in CryptoCurrency on 21 May 20 (1pts):
opening the pandora's box for market manipulation is a bad thing for wallstreet. these's patterns are not exclusive to crypto, at all, and ''trapping'' and stop hunts has been done for decades. this...
fr8anz5 in CryptoCurrency on 20 May 20 (1pts):
honestly wouldnt be surprised. btc isnt going anywhere without scaling and ln is a cluster fuck for adoption.
fr64v2n in Bitcoin on 19 May 20 (1pts):
rofl.
fr64mko in Bitcoin on 19 May 20 (1pts):
this is software or 3rd parties trapping people into having to use those fees.
fr649wf in CryptoCurrency on 19 May 20 (1pts):
that company is a fucking leech regardless how you look at it. trying to make itself relevant by attacking others. they arent doing anyone but themselves a favor. you can hate on XRP just as much as...
fr62m0n in Bitcoin on 19 May 20 (1pts):
this is absolute garbage propaganda to assume that nodes would drop out rather than upgrade. im so fucking tired of people pretending like buying a 400$ computer to run a node is a problem but...
fr61jya in Bitcoin on 19 May 20 (1pts):
supply is 18million, not 900/day. there's plenty to buy from. also if you are talking about paul tudor jones, he didnt buy a single bitcoin and said so himself that he would only be playing futures...
fr60yqv in Bitcoin on 19 May 20 (1pts):
store of value is NOT a use case, and bitcoin is NOT widely adopted.
fr5yqcw in Bitcoin on 19 May 20 (1pts):
" not really looking for financial advice " maybe you should.
submitted by MarkdownShadowBot to CommentRemovalChecker [link] [comments]

The LIES of Chris Rabalais and AllSportsMarket

https://i.imgur.com/oucavJo.jpg
A) This is a work in progress. (trying to make this neater and add things that people post) These things have been collected from forums / posts in various places (official forums, reddit groups etc)..and are here to be sifted through and examined to see which are true and which are not. Anyone is welcome to comment both agreement or disagreement.
B) ANY CORRECTIONS please send a message and reference the lie number *** I want to remove false info ASAP*** Or make a post in this thread. If there is anything in this list that shouldn't be here, it will be removed.
C) If you'd like me to add a lie, PLEASE make a post in this thread! Include something like ADD THIS LIE and make a short description
d) ASM /Allsportsmarket / the company means any or all of the proxies and identities of CWH , NSEI, Sportshares.net etc
------------------------------------
A while back, Chris claimed people on reddit were "lying" and that he would respond "point by point" to any "lies" told by redditors. I have begun to compile a list of all of Chris' lies from various sources.

To Chris Rabalais / Allsportsmarket.com : You are more than welcome to respond "point by point". Please include a lie number...and respond and explain how it isn't a lie....

---

Lies of Chris Rabalais

1)This is and was an investment
He has always claimed this was an investment, and still does. He claims you will get a return...yet from the other side of his mouth, he makes sure to mention that this is a "donation." Not one of us would have donated to him without the chance of a return / profit. None of us. This was a donation....to Chris Rabalais...NOT an investment. Still to this day when askign for money he makes suree to put in DONATION but then out of the other side of his mouth he claims you will get a return..or profit..and says you are an investor / insider etc.....This is NOT an investment. This is a DONATION to a very inefficient "charity" claiming you will someday see a "return" on it.
2) Investors into ASM would get a return on their investment -- profit from it
He is still promising people a return...many people show a 'profit' on their account statement but are unable to cash out. Unable to withdraw etc...Chances are, If you have made a "profit" from this on paper, you cannot withdraw it.
3) He was in the process of registering the company shares with the SEC
The SEC has stated point blank he has taken NO STEPS to register the company shares. It is in the complaint.
4) The company shares were ABOUT to be registered, and once they did...they would have even more value and we would miss out unless we bought in
Not only did he say it was in process, he claimed many times they were very close to getting the shares registered and when they did, they would have more value..and investors would be sorry if we didn't jump in on this "rocketship".
5) Chris knows how to get the shares registered with the SEC or has any clue what he is doing in terms of registering the shares
According to the SEC , Chris Rabalais has no idea HOW to even get the shares registered...and that is in their complaint as well. Meanwhile for years Chris was claiming he knew what do do to get the shares registered.
6) "This may be the last chance to jump on this great opportunity"
How many times have we all heard this lie? This or that program is ending....you'll never get another chance at giving money to Chris Rabalais again...but then shockingly...there's another even better offer in a couple days/weeks...
7) If you don't give X amount of money right now , the lights might suddenly go out on ASM..and you'll lose your "investment"
Another lie they tell is that if you don't give money, they will go out of business and you will "lose your investment". Bullcrap , they're not shutting off their free money machine....until someone MAKES them. Oh and you have no investment. Two lies for the price of one.
8) This is not a ponzi scheme
Chris has addressed the ponzi issue only VERY briefly over the years. He recently claimed it isn't a ponzi because the "last guy in can still make money" but that would require MONEY coming in from others...so he gets around the truth by omitting that its not the "guy" its the "last money in " which is nearly the same thing... the people who put their money in last will lose....that is a ponzi. The Judge in the Seth Leon case said so...and I hope another judge says so soon. (See here: https://www.reddit.com/ASMEunfiltered/comments/e61nya/summary_of_the_seth_leon_case_with_update/ )
9) The sports shares have value
Chris claims they have value because they area "claim on future dividends" which is a lie. That is not any definition of real or intrinsic value...and even if it was (it isn't, IMO) the claim on future dividends is a LIE because every penny of that future dividend money relies on new money coming into the market...which is a ponzi...which is valueless
10) You would be able to cash out (sell your holdings, pay off your bonus margin and keep your profits)
He changed the rules when the market started imploding. For years he promised investors they could sell their shares, pay off our margin and take our profits. No one would've bought in if they thought they could never do this. Even after he froze people's ability to cash out...he kept claiming that we would be able to soon...and urged people to buy more margin because all of the profits would be able to be kept.
11) Chris would stop selling margin
Recently, there was a conference call where key members of the team called for an end to the margin offers..NOT because they were a scam (they are) but because it was no longer possible to ignore the implosion of the pilot market and the collapse was being blamed on margin....Chris agreed to end margin and made announcements to this end. In a short time, he realized that promising people money on margin profit was his only revenue...so he HAD to start selling margin again...He knows it is worthless, promised to stop selling it....and lied.
12) Different celebrities, politicians, business people were about to come on board and help us
XFL (paul has contacts with them!!), PHIL COLLINS' WIFE!, Mark Cuban, Jon Bon FUCKING Jovi, Roger Goddell, Snoop Dogg, Brian Austin Green, Trump (speaker at zero club), Labron James, meetings with MLB people, Jack MA / Alibaba.......god knows how many other names this guy drops as potential people who are going to help or who we are 'reaching out' to in order to get them to help us. (help me add to this list)
13) ASM would have a "liquidity event" and be able to make money off of our company shares
There was going to be some liquidity event where we could sell our company shares to other investors...of course it never happened.
14) The new york times ad was going to be about ASM or helping our investment
There was NO MENTION of ASM or AllSportsMarket in the new york times ad and it didn't do a single thing to help ASM become a legitimate company. The only thing it did (from memory) was bash gambling.
15) The trips to Israel, funded by the investors, were something worthy of doing with the money...
Chris bragged and posted pictures of his trips to Israel...but what did they have to do with ASM? How was spending "donations" (investments) for him to go to Israel supposed to help the company? Clearly this was a waste.
16) the Hero club events he goes to (more travel) help ASM in any way whatsoever
I have never seen any evidence that spending who knows how much of the investors' money has been wasted on this,yet chris continues to act as if his membership in the Hero Club is a wise way to spend money...I have seen no evidence that the Hero club has done anything bust waste money.
17) donating to ASM is helping anyone or doing anything other than putting money in HIS pocket...
Quite simply, Chris "donates" 10% of the money given him, if we are to believe that. So He has given (according to him) 150k+ to a hunger charity. They have (according to Chris) matched this 7x, so the 150k donation has turned into a millionish dollars worth of charity. Sounds good right? Well in doing so, Chris has just wasted 90% of the money. Instead of 150k, had we all simply given our 1.5 million to this same charity....and they matched it 7x...we would have turned our money into 10+ million dollars for charity. So essentially, even by Chris' own numbers...we have wasted 9 million dollars of potential charity....by paying Chris's rent..cars etc.. all so that he can take 90% and give 10% to charity....to me, this is wasteful and we would be better donationg directly to the 7x charity the entire 100% rather than wasting the 90%.
18) The ASM 'real market' was a real money market
Chris started the real market to fool us into thinking it was actual money. He later then changed the name to "pilot market" after taking people's REAL money..so he could have the excuse "HEY this is a PILOT market!!!" when you cant withdraw...otherwise why call this a "real" market then suddenly change the name to "pilot"?
19) the ASM pilot market was going to transition with your holdings to a 'regulated' or 'exempt market' and you would be able to keep your profit from the pilot market
So it has been promised to us that the pilot (which was the real market) market will transition to another market..where.....where you'll STILL be able to keep your profits...so..guys..KEEP BUYING BONUS MARGIN lol....
20) If there is a good enough plan, Chris will happily step down in January 2020 and let someone else change the direction of the "company"
Chris claims "give him till December" and if no one is happy he will step aside if that's what everyone wants...IF there is a plan he likes..LOL..we will see...but I am guessing he will not.
21) The pilot market is working
He has claimed the pilot market is working and proves that ASM is functional...yet the market has collapsed and he has frozen everyone's accounts from withdrawing..or paying off margin..etc...but the real/pilot market has been a disaster. Here is him contradicting himself and admitting that the pilot market does NOT work : https://vocaroo.com/bsbcnHWDF8z . This is an admission thatthe pilot market as it is now is busted and will never work without being completely re-designed (revenue sharing etc). The worst part of this is he KNOWS the pilot market is not working yet he is still selling margin to buy stocks on this market.....that to me is criminal. How can he do this?
22) The learning market is working and proves that the math and numbers are correct and functional
Claims have been made the learning market is working..LOL...anyone who has touched the learning market knows it is completely dysfunctional...and not any kind of advertisement or positive experience...
23) Bonus margin has some sort of value other than to put money in his pocket
He claims bonus margin has value. It doesn't. Its worthless. If he tries to deny this..ask him why he is selling it if it has no value? Ask him how he plans on turning something with 0 value into something with value. This is the core of his scam right now..selling WORTHLESS bonus margin with no value for real money...which he donates 10% of and the rest goes to expenses...and his salary & rent etc...
24) Chris "had alper" double check the math in 2009 , and the market math is fine..
Oh god...so in one of the videos, Chris claims he had Alper check the math in 2009 and alper told him the numbers work. This is such utter horseshit, and mainly designed to deflect responsibility for the failure of the market..so he can blame it on Alper. Chris knows the math doesn't work. Alper knows the math doesn't work..and Alper & Chris know that margin is worthless...and they know the market is a failure...they have to know this...
25) special clubs like "ASM Black", "Insider programs", "Advisory Councils" etc etc are anything other than him trying to get even more money out of your pocket
All of these programs are just designed to get you to give them more money..there is no real benefit to being a member in them. The insider program just basically stopped people from being able to withdraw sooner....who knows what ASM black was..and this advisory council...what was that? Give Chris 100$ to listen to more youtube rants? Ok...whatever new club or council they will come up with next is a bunch of crap designed to make you feel special as you give them your hard earned money.
26) The NDA he sent via email before spamming you with more ads is legally binding
We all know the NDA he sent via e-mail was worthless..it was hilarious.....and unenforceable....
27) They would provide investors with financial documents / audit / detailed information at the end of October 2019
Yeah so will we ever get to see the "audit" ? Doubt it...they are not transparent with any pertinent info. Who is paid what? Who holds what shares? What shares have been granted to who? What money was paid by NSEI to who , and for what? "Seal of transparency" my ass.
28) The SEC filing suit against him could be viewed as a positive in some ways
I forget how he worded it but he basically claimed the SEC suit was some sort of opportunity for something positive for him. The one positive thing I can think of is it stopped him from getting more money from suckers...
29) He didn't "really" lose the case against Seth Leon
He made all kinds of excuses and claims the only reason he lost against Seth Leon is because Seth Leon sent the papers to an old address....LOL (see here: https://www.reddit.com/ASMEunfiltered/comments/e61nya/summary_of_the_seth_leon_case_with_update/ ) Make NO mistake..Chris LOST the case. The court found "AMPLE EVIDENCE" of fraud by Chris Rabalais.
30) It was Trump's fault (Govt shutdown) that he didn't get paperwork done with the SEC
LOL...I hope this is what he tells the Judge
31) It was Jason's fault that "a letter" wasn't sent to the SEC regarding the NRHL
Blame it on a guy who doesn't work for the company any more...
32) It is alper's fault the math/numbers don't work because Chris asked alper to "check the numbers" in 2009
Blame this on Alper.....when he has known for YEARS the numbers do not work
33) there were "saboteurs" who tried to wreck the "deal" with NRHL, who came from reddit..*but luckily they saved the deal!
Remember the saboteurs? remember how they "saved" the deal with the NRHL? Remember how the NRHL was going to be huge for ASM? Yeah none of these things were true....MAYBE a guy (gregson?) tried to contact the NRHL to find out if they were even real.. but NO ONE thought the NRHL was going to be a good thing..and NO ONE wanted to transition their money to a market led by roller derby..because it was and is a stupid idea.
34) There were lawyers (zero club? friends?) who were going to help with the SEC defense for free
Chris had an army of lawyers, some of the best in the country and who had never lost...but yet he had to beg the court for a free lawyer because he can't get a lawyer to represent him...LOL
35) "secured by blockchain" - Chris claims this tech is in use now but what is it exactly other than bullshit?
On one of his latest videos he claims the blockchain technology is protecting the ASM market right now...BS. There is no technology that I have seen. There hasn't been anything said about what this even is or does. Ace hasn't even been heard from since around August has he? They can't even get an android app...the blockchain bullshit is just more jargon and buzzwords...trying to get you to give them money...there is nothing behind this "secured by blockchain" trademark...other than words...otherwise why not explain exactly what it is, and how it works ..etc...
36) Chris is going to counter sue the SEC and prove that he is a legitimate business
LOL.. with his free lawyer?
37) All cryptocurrencies are a SCAM
Notice he screams and cries FRAUD at many things, but he is a fraud himself. Typical tactic...accuse others of what you are doing. Also, there is some real value in some cryptos, like bitcoin...unlike a sports share on ASM. Its called 'proof of work' ...that has real value that can even be measured..by electricity use, processing power etc...I am not arguing it has a lot of value, or even that it is as valuable as the price....but it is above zero, unlike a share in a sports team on ASM. I'm also not an expert nor to I condone investing in crypto...
38) Gambling is more of a problem than ASM / NSEI
Again, he screams and cries about how dirty Gambling is...but at least legal gambling is regulated, and you have a chance to win. Unlike ASM...
39) They were working on an Android app , and needed donations for it
One of the reasons I donated early on was because of seeing the IOS app, and the promises of making an android app.In fairness this might not have been a lie....but if theyre not going to make an android app , then say so.
41) They lied by omission and did not tell investors about the SEC suit until August 2019
So someone else came and announced the SEC lawsuit on the reddit forum in August 2019. There is some strong evidence that Chris knew about this in April 2019 or even earlier like maybe Oct 2018...and if he knew about it before it was announced , then he witheld this information from all of us..
42) The NFL / MLS "Deals"
We very nearly had a deal with the NFL and MLS...or have / had a chance to make deals with them...its all bullshit. The guy cant even make a deal with roller derby leagues...and we are expected to believe he is making deals with major leagues?
43) Wefunder / Crowd Funding
We started the process to sell shares through we-funder....but they turned us down. Guess what Chris "forgot" to tell us all? THE REASON they turned us down...because ASM / CWH doesn't pass the "smell test"? What was the reason? It seems like maybe the reason was the UNREGISTERED SECURITIES? I mean there had to be a reason..what was it?
44) Share Buyback
They were going to buy back company shares from investors....and at times stated the shares were so valuable they would gladly buy them back for X amount because they were sure to go up in price...but when push comes to shove they NEVER will buy this worthless junk back......even for 1 penny. A lot of the 'tyes men' have stated they would also buy shares back from unhappy investors but of course they never do this in reality.
45) Telling the truth, even if it is harmful to Chris / ASM is some type of Slander or Libel
Chris would like you to think that calling him out on fraud and lies is some type of "libel" or "slander" but as anyone knows...telling the truth is not slander or libel. He is trying to scare people from telling the truth. Blowing the whistle on his fraud is NOT slander or libel. Period. He is the CEO of a company that he sold shares of stock in, fraudulently. He must and will be held accountable.
46) The market cap number is a legitimate indicator of the validity of ASM
Chris love to throw around market capitalization numbers (4 Billion LOL) as if they mean anything at all or indicate that this market is healthy. They include the learning market (fake money) and the margin (also fake money). If you subtract the learning market, the bonus margin, and the money "used" by chris for data, rent, cars etc...you have pretty much zero market cap in reality.
47) ASM has a way of checking if an investor is accredited: See here: https://www.reddit.com/ASMEunfiltered/comments/eacs69/new_lies_regarding_searching_for_for_accredited/ . In my understanding , one of the ways (in some cases) un-registered securities can be sold is if it is to an "accredited" investor. The SEC has said Chris has no means of checking this. I would personally believe the SEC at this point....and I will count this as a lie until it is proven that Chris / ASM actually does have a way of legitimately checking accreditation.
48) The reason Chris withheld the fact the SEC was investigating him and suing him was because the SEC told him he couldnt tell us.
BULLSHIT. In the audio Chris makes absurd claims that he couldnt tell "investors" of his problems with the SEC because they told him not to talk about it. Yet meanwhile he kept taking money from investors as if everything was fine..KNOWING that trouble was brewing and KNOWING that the shit was going to hit the fan. Show me a letter by the SEC that says he can't warn his investors of an impending action by them SHOW IT TO US. If you show this to us, I'll remove this lie. It doesnt make any sense because the SEC exists to protect us from predators like Chris , so why would they tell him he cannot warn us of problems with the SEC????? MAKES ZERO SENSE. Does not pass the smell test. This is a lie by omission..taking our money , pretending things are fine....but KNOWING problems are coming. The bottom line: Chris didnt say SHIT about this anywhere that I know of until AFTER it was posted publicly that the lawsuit was filed...I heard about this online before it was ever mentioned by chris in any conference call or statement by him.
49) Not sure if this is technically a "lie" or not but the guy / ASM has at least 10 twitter accounts...here are a few of them: 1) https://twitter.com/AllSportsMarket 2) https://twitter.com/rabalais_cva 3) https://twitter.com/asmclients 4) https://twitter.com/thesportsvote 5) https://twitter.com/SportsFolios 6) https://twitter.com/MySportsWiki 7) https://twitter.com/chrisrabalais 8) https://twitter.com/NuSportsEconomy 9) https://twitter.com/ASMFreeApp 10) https://twitter.com/ASM_Advisor (not 100% on this one but it looks fake) ..etc..... It looks as if this one: https://twitter.com/ASMFreeApp has a bunch of bots or paid 'farm' followers. So, while not a 'lie' exactly...very odd and shady behavior.
50) In the "Investors Q& A" found here: https://tinyurl.com/spbznmf They failed to disclose the Seth Leon case, the failed attempt at bankruptcy discharge of the fraud debt, and failed to disclose the debt owed to Seth Leon. So they lied in the sections about Legal Problems and they Lied in the sections about Debt. This is in a Q&A involving potential ionvestors so they are lying to potential investors about the risks.

51) Chris will "fact check" and respond to every accusation made against him and prove that these things are lies told by "known liars"
https://i.imgur.com/HaGfekN.jpg
So a couple of weeks ago, Chris said he would fact check all of the "lies" told about him...so I thought I would do him a big favor and make a huge list. His claim was that everyone saying all of these things are "known liars" and none of these things is true. He says they are all bogus "claims" made by "liars." He said he would refute these"claims." Well guess what asshole? Every songle person reading this is probably a victim of yours, and they KNOW all of these things aren't "claims" ... they are facts. I have done my best here to stick to things that are universal..that we have all witnessed as investors.
Now (shockingly) chris refuses to "fact check" any of these "lies." He says he will respond only if you sign your name and send him a private e-mail or make a post on his censored and controlled website where he has to approve any post before it is seen by the public... So I will add this as yet another lie. He will never refute SHIT. He is a thief and a liar. and a con man....and CAN"T refute anything said above. Period. More than likely if anyone posted this list on his forums, he would NEVER allow it to stand....so how is anyone supposed to get this list "fact checked"? The only Known liar here..well..I think we all know who that is...
You would think he might want to address these things publicly instead of making people ask via e-mail and leaving a cloud of suspicion for potential investors to see..and maybe he would rather answer one time,rather than a bunch of separate e-mails......but I guess when there are literally no answers to any of these things, the only solution is to try and hide it more...
submitted by 707NorCaL707 to ASMEunfiltered [link] [comments]

r/Bitcoin recap - March 2019

Hi Bitcoiners!
I’m back with the 27th monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
A recap of Bitcoin in March 2019
Adoption
Development
Security
Mining
Business
Education
Regulation & Politics
Archeology (Financial Incumbents)
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

The SEC, Canadians.. and Jury Duty

Well well well.. where to start?? maybe the SEC and the Ethereum ICO?
A little bit of precedent..
(by Amy Castor, at www.theblockcrypto.com)
-In the beginning-
If Ethereum had a birthday, that would be in November 2013. That’s when Vitalik Buterin, the creator of the project, emailed a whitepaper to 15 friends, who then disseminated out to their own networks. Two months later, the project had eight co-founders and a growing army of contributing developers and supporters.
Instead of raising venture capital money, Ethereum bootstrapped. Co-founders Anthony Di Ioro and Joseph Lubin lent their own money to the project. And then Ethereum held a crowdsale by which it raised money selling ether, which it called a “ cryptofuel ” for its future platform.
Ethereum’s crowdsale tokens were only part of a larger premine. Premine refers to the tokens that exist the moment a platform goes live. This contrasts with Bitcoin, where all of the virtual currency has to be mined. Ethereum used some of its premined tokens for compensating its contributors—those who worked on the project in the months leading up to the crowdsale.
Although, the “ Terms and Conditions of the Ethereum Genesis Sale ,” refers to those contributors as “volunteers” and their allotment of ether as a “gift.”
According to the Howey test, a security is an investment of money in a common enterprise with a reasonable expectation of profits based on the efforts of a third party.
Did participants in the Ethereum crowdsale expect the value of ether to skyrocket? Many in the crypto space had already witnessed bitcoin’s run up from its pizza days , when one bitcoin had almost no value, to its first price peak of $1,200 in November 2013, the same month Buterin dispatched his white paper.
Morgan Peck, a journalist who was on the ground at Ethereum’s public debut in Miami in late-January 2014, wrote of Ethereum in Backchannel : “I WAS TOLD IT WOULD BLOW BITCOIN OUT OF THE WATER."(1)
-The Crowdsale-
Before holding a crowdsale, Ethereum had to officially set up shop.
On February 28, 2014, the project registered EthSuisse (Ethereum Switzerland Gmbh), a for-profit entity in Zug. After Buterin single-handedly pushed through a decision to make Ethereum a non-profit, the project also set up a foundation ( Stiftung Ethereum ) on July 14, 2014.
“ At the beginning of June [2014], I had to fire the two people who no one liked working with. It just so happened that these people were among the main instigators of the for-profit idea. I forced through the non-profit. Some people were unhappy, but oh well,” Buterin told Tank earlier this year.
And then on July 22, EthSuisse launched a 42-day crowdsale that ran to September 2. The sale was open to the general public. What’s more, there was no cap on the sale, so you could buy as much ether as your heart desired. The sale was also open to the project’s own employees.
If you want to legally sell securities to U.S. citizens, Section 5 of the Securities Act of 1933 requires you to register with the SEC or else file an exemption , such as a Regulation D , that allows you to sell only to accredited investors, meaning wealthy folks and institutions. Ethereum did not do either, perhaps because it didn’t view ether as a security.
Instead, to avoid running afoul with regulators, Ethereum spent significant resources on lawyers (Pryor Cashman in the U.S. and legal and tax compliance specialist MME in Switzerland) working out the finer details of its crowdsale.
As Lubin told the Financial Post last year, before doing that, his thoughts ran more like this: “WE THOUGHT IT WAS POSSIBLE WE WOULD LAND AT JFK ON A CERTAIN DAY AND THE FBI WOULD TACKLE US TO THE TARMAC.” (2)
-Are we decentralized yet?-
What is ether? Is it a utility token, a commodity, an investment, or some combination?
The U.S. Commodity and Futures Exchange (CFTC), has determined that bitcoin is a commodity , but it has fallen short of issuing a clear determination on ether. The CFTC recently issued a request for information to learn more about Ethereum and how it compares to bitcoin.
Meanwhile, the SEC has said that it believes current offers and sales of ether are not securities due to the network’s “decentralized structure.” That means that ether would have had to transform from a security to something other than a security at some point in time.
“I kind of don’t think this is going to work,” former CFTC chairman, Gary Gensler told a crowd at a blockchain conference at MIT in April. “I don’t think there’s any precedent in the law for a security to transform to be something else.”
SEC chairman Jay Clayton explained his view at Consensus Invest last month with an analogy:
“Let’s say you’re the producer of a new play and you get 15 people to invest in that play and you say, ‘Your interest in this play is going to be a suite of tickets. You’re giving them tickets in exchange for their interest in the play—those tickets are securities. They’re taking those tickets back, waiting for the profits. It’s like taking 10% of the play. But when the play gets done and everybody has their tickets distributed and all you can exchange the tickets for is going to see the play, that’s decentralized.”
UNTIL A JUDGE STEPS IN TO SETTLE THE MATTER AND TAKES A LOOK AT THE ETHEREUM CROWDSALE AND HOW THE NETWORK IS CURRENTLY OPERATED, THE ISSUE IS OPEN TO DEBATE. And Ethereum, along with the thousands of other projects that held ICOs, will have to wait and see to find out with certainly what laws they are supposed to comply with.
-June 2018-
SEC Official Declares Ether is Not A Security
(BY RAKESH SHARMA Jun 14, 2018)
Ether is not a security, according to Bill Hinman, U.S. Securities and Exchange Commission Director of Corporate Finance.
“Based on my understanding of the present state of ether, the ethereum network, its decentralized structure, we believe current offers and sales of ether are not securities transactions,” he said at the Yahoo Finance All Market Summit: Crypto. After bitcoin, ether is the second most valuable cryptocurrency in the markets today and is referred to as the “gas” that powers ethereum’s blockchain.
-Fast Forward, June 2019-
No Judge stepped in to declare "Ether" a "non-security", this wasn't sent to Court; it was the SEC's decision alone to declare ETHER decentralized enough and not a security anymore. Also, no fines??!!!
Aaaaaaaand it was their decision to sue "KIK"; the issuer of KIN.. and in the process.. a "JURY TRIAL" was demanded.
-BREAK!!! (A word on Canadians)
As a U.S.A. citizen, and I dont mind if you want to know or not.. this is how we see Canadians.
Not only we share the same values, like the same sports.. to a U.S. citizen ,a Canadian is that sistebrothecousin/aunt/uncle/badass person that we all admire. Canadians are respectful and peaceful.. to put it simple: -Imagine it's the end of world, you have a Canadian by your side.. and that Canadian says "don't worry, it's gonna be ok".. guess what!! that Canadian meant it!! and everything is gonna be ok.-
-July 2019 and the beauty of "Jury Duty"-
For all of you out there, from another country.. not the U.S.A.
One of the greatest rights and responsibilities of being a U.S. citizen is being able to take part in the Court system. If this case indeed proceeds past July/19 and a Jury Trial is set, some of us are gonna be summoned to take part in this trial. Oh!! what great times!! I love you Canada!!
As a Juror, I would have so many questions for the SEC..
So, you didnt fine "Vitalik and friends" but you want to fine Kik? you dumb?
As a Juror, I would tell the SEC.. "you consider Bitcoin to be the Gold of crypto.. Ethereum is the Silver.. and by your own standards.. KIN is the PLATINUM.. case dismissed.."
Ha!! no SEC is gonna take away my wife's, my son's, my friends, my family's KIN.. good luck SEC!!! for I will be a Juror in your case against KIK.. and I already know my decision..
The SEC knows this, too.. thats why they want KIK to settle.. no SEC lawyer is gonna win against Jurors who love their rewards/virtual currency/crypto/whatever you wanna call it.
Thank you all.. for these are just humble words..
submitted by Albert8a to KinFoundation [link] [comments]

[NeedAdvice] Failed at life?

Hi guys, why do i feel like i'm a complete failure?
It feels like my whole life has been a rough F-ing road, i realized it early when i was like 6-7 years old that i was failing at everything. My grades were shit, i sucked at soccer, and i really didnt have any friends, was living in a racist- neighbourhood where i was the only brown guy, so the racist people would often pick on me and threaten me when they would see me.
The only thing i really did enjoy was playing video games, because it really made me forget the sadness i really felt. My family was in debt, specially my dad who really couldnt do anything but to work and try to pay it off, but until you've paid it off you're pretty much handcuffed to a budget. My mother was sick a lot, had to spend loads of time at the hospital, and it was just me and my little sister that i had to take care of. My dad did his best to make us feel like we wouldnt feel any less than the other people by trying to get us new clothes and shoes etc. Had to change school when i was in 6th grade because my dad really noticed that the teachers i had in my previous school blamed me for stuff i didnt even do, and would often refer to me as a kid that didnt get any love at home, which i actually got, loads of it aswell.
And when i did change school, it didnt go 2-3 months without me getting alienated by the people there. But it was some what better than my previous school. My grades werent even good, and i generally wasnt interested in school, and this was going on for 3 years straight. In the 9th grade i had to try to get atleast passable grades so that i could to a senior highschool. I then graduated the 9th grade with the minimum grades i could get to be able to get accepted in a highschool, which i eventually did. And that was maybe the worst 4 years of my life. First 2 years was bad because i really felt insecure about everything, and the same thing here, i got really bad grades when almost everyone in my class was smart. And that really took a chunk of my 1% confidence that had. Moving on to the third year where you normally graduate which i couldnt because i didnt have passable grades, i had to retake that year and go with the 1 year younger than me. Which was somewhat better because people didnt really care about me which made me feel somewhat relaxed that i wouldnt get laughed at etc. During the year that i had to retake, i had this friend of mine introduce me to buying and selling stuff on the internet, which i got into to be able to make some money which was illegal (Because i was dead-broke, i didnt have any other choice), to shorten the story i eventually made enough money to be able to get my dad out of debt, and start a company for him to sustain us. Because i knew that this buy-sell stuff wouldnt stick around forever, which it didnt. My dad told me that i lifted a huge weight of his shoulder and that he actually can sleep at night now. He had never cried in front of me but the first time of my life i could actually see a tear to build up in his eye.
Later on in the retake-year, 6 months into that year i met a girl that i really fell in love with, long-story short. We got into a relationship, was together for about 9-10 months until she broke up with me to sleep with her co-worker that i was having a fight with because i thought that he was trying to get her in bed, which he told me that he would never do that since hes my friend. I would say that, at this point i was having somewhat of suicidal thoughts. Because the pain that i felt over that emotinal-time invested relationship has never been felt before. The same time period within 3 months, 4 of my closest friends had died. Which made the pain worse. I eventually graduated with passable grades. Applied for universities but my grades were to weak. I eventually tried to get a a moneymaking hobby, tried to get into bitcoin, trading forex, applying for jobs etc. Nothing was going my way And here i am sitting, still heartbroken 2.5 years after the heartbreak and wondering why my life is the way that.
I have tried everything, trust me. when you've been depressed for a while you'll do anything to get the pain off. Specially the heartbreak-pain. I've been training for a year, reading books, spent time with my family etc.
Im sorry if this text is a mess, but i hope u can see how my brain is functioning by reading this non-syntaxed text. And my english isnt my first language.
submitted by nlne9 to getdisciplined [link] [comments]

WHat REALLY happened to yesbackpage/ebackpage/backpagecredits/bedpage etc, written by an insider

Thisa is not an ad... I am responding to about 50 emails I got from a lot of sexworkers all over the country. 2 suggested I post the answers here. A LOT of sexworkers have lost money, been ripped off, ads deleted, and more... I am only trying to let them know what happened... I removed any actual links to sites. THis is just for sexworker information and reference.
There are so many rumors and so much misinformation out there regarding all the backpage popup sites... I think its time that someone tell everyone what is REALLY going on.
First, who am I and how do I know all this. I worked for backpage, I started with the village voice, and long story short, I ended up working in the alternative payment section. I left to form my own company, and have since been involved with several startups, including yesbackpage, bedpage, ebackpage and afterdarkads
I started with backpage in 2011 when craigslist was still king. a $5 ad could get an escort a shit ton of calls, and you needed not much else. escorts.com was still up, and really only higher end girls and agency's were on eros.
when craigslist shut down, traffic to BP jumped 10,000%... it was nuts. we lost servers, it was insane. before this it cost an avg of .25 cents to post. within a week we were at $3 in most cities.
Soon after the state AG's (we called them the gang of 11) turned attention to us. There was 11 states atty generals seeking to shut us down, like they basically did craigslist.
well our bosses (Dan Hyer, and ultimately Carl Ferrer) decided to fight. They were real 1st amendment libertarian types... and frankly I agree with them. I think there might of been better ways... but the REAL top guys Michael Lacey and James Larkin were fighters.
IN the end this put us on the skyline, and led by Tom Dart, a sheriff in Chicago, they ended up getting the credit card processing shut down.
That's when my work really started.
We went through and picked a lot of accts that we "trusted" and had spent a lot with us... we secured credit card processing through dummy accounts, and let those specific accts still pay through them... but between charge-backs, and people turning us in on those accts... we would lose almost as much as we made. Hiding the accounts was really pushing legal limits... and eventually we ran out of ways to get new accounts. They couldn't handle the volume.
Me and another fella I'll call "T" devised the idea to accept bitcoin.
It was a slow start, and teaching sex workers how to use bitcoin was tough... but it took off.
Then came backpagecredits. A strip club owner from myrtle beach heard about all this and built a website called backpagecredits.com he allowed people to buy bitcoin from him with a credit card... and the site would automatically put the bitcoin in your backpage account. This was HUGE, and we all did millions in business... it kinda saved the site...
Then april 2018 came... the feds seized backpage, and that was that. We were all out of work, lot of people were going to jail. The strip club guy sold off his end of the site and went to prison for other stuff...
Well I had moved overseas, so I was not subject to US law. I contacted a programmer I knew in Dhaka, Bangladesh. A real shitbag named Siddiq Khan. I did not know what a criminal POS he was then... anyway, I asked him to set up a new site, a clone of backpage. He did it. it took a few weeks, but he showed me "yesbackpage.de" (yesbackpage.com redirects to it)
Our agreement was we would split it all 50/50, I knew he had worked on the programming side at backpage for a bit, and was interested in doing something together. I trusted him (mistake)
I then contacted the new guys that owned backpagecredits, and brought them on as a payment processor...
We then contacted ALL the old BPC customers, told them about the new site... and BOOM... it was online and running.
I worked hard to market it... I hired Risa Jenner from vegas to help... it was all solid and good stuff. We gave away over $250k to old customers of backpage that lost a lot of money when it was shut down. We gave a lot to charity, we tried to help the sexworkers in the industry. We thought we were doing good work for sexworkers.
Now while I was doing all this... what I didnt know was siddiq had also built ebackpage, ibackpage, onebackpage, and I dont know how many other clone sites... and every time there was a new customer on YBP, he was copying the act over to the other sites... he was taking ALL the money from the other sites... real scummy shit. He used us to grow them... stealing everything and doing a lot of shitty stuff to customers (more about that below) afterdarkads.com didn't exist yet... tryst.link was in its infancy and had not taken off... and that alligator site from Australia was too busy bashing everyone else online to promote themselves
Siddiq had worked with bedpage back in the day, bedpage was a site that just knew that backpage was not gonna last forever, they actually opened long before backapge was closed... I still think it was a few other backpage employees that started it..thats how he knew all the ins and outs of these style sites... but he was fired. After talking to them, I guess Siddiq got caught fucking another dude in the break room closet... they really dont like homosexuals over there, so they kicked him out. Thats when he contacted me about starting our own site. He needed help marketing.
Anyway... he was bedpage, now hes got all these other sites, and I dont know about ANY of it... the only site I knew he was affilaited with was yesbackpage and me.
SO yesbackpage starts doing really good. I am spending a LOT of money marketing... and we get it to be the top result in google for sexworkers to post on... people are starting to book a lot of calls... things are good...
Then siddiq finds out that he can make a lot of money posting fake ads... and directing traffic to sites like ashley madison or cam sites.
I told him this was a bad idea... that if he does this... it makes the REAL customers spend more money to compete... thats screwing them...
He does not care, and tells me to fuck off... he will do what he wants.
We argue... it is half my site after all... and one day I wake up, and I am locked out... I cant log into the admin panel... backpagecredits is all screwed up ( he destroyed the code), and he stole the email that we used to run the twitter account. He starts posting BS on twitter about ex employees... its a total mess.
So I left again, and I am done with the industry. I am living back in the states for now, and running a t-shirt company and some other ecommerce sites online... doing well... recently a few people found me that are starting a new site. They are a group of former sex workers from Charlotte and Dallas... GOOD people. they started "afterdarkads". I am working with them as a consultant and helping get them going. Risa is done with it all... I think shes working with a strip club in vegas now.
Anyhow... here is the truth about how all these sites came to be.
Bedpage really DID give out a "god" password to a lot of law enforcement agencies... I talked to a girl in Texas that actually was arrested, and they logged right into the act in front of her. Siddiq told me about it, I know its true.
A few of the other sites like ebackpage and onebackpage siddiq sold to other spammers in Bangledesh... they are all over india and Dhaka.
All the while, you are paying to post your ads and keep them visible, they are posting their own ads for free... they use YOU to bring in traffic to the site, but then redirect the customers off to ashley madison or other sites so they can make money. Right now they get $150 for every sign up... if they post 100 ads, they will get a hundred sign ups... its unreal... meanwhile REAL sex workers are paying to post ads like crazy so their own ads are visible. Thats why I liked working with afterdarkads, they at least will not allow fake posters. they are real sex workers and they get it... they also made it free to post, only charging for upgrades. They care about sexworkers becasue they are sexworkers. Same with Tryst.link. they are working hard for the community. I dont agree with a lot of their choices... but they are doing a good job. I honestly think they will be the next to fall. They have become the tallest tree in the storm Eros is pretty much done, those poor fuckers are on the run. Offices raided, moved to Eur
One thing all sex workers should look for, is the verified feature...bedpage.com and afterdarkads.com both have it, but i think bedpage will let anyone get it without any verification.... I know (at least for now) afterdarkads are really "verifying" the girls. A LOT of customers on bedpage liked this... so hopefully other sites start using it as well. For a few bucks extra they put a green "verified" logo on your ad... they contact you to make sure you are a real poster not a scam or spammer, and if your pics look fake, they contact you and ask for a pic proving it with you holding up a paper with the site name afterdarkads on it. verifiedvixens.com tried the same thing... but they were charging too much.
I hate that so many sexworkers support siddiq and all his spam sites like yesbackpage and they dont even know it or what they are doing... he literally rips you all off every time you post.
Go look at your acct history.. he has a program that deletes a few dollars from the acct every few weeks... just a $1 at a time... this is just to get you to buy more credits more often... and the math on posting?? lol... it does not ad up... the system always adds money to the cost at checkout when posting... all just to fuck you.
It is my understanding he sold one of the sites to a group that was trying to do it a little better, but I dont know for sure.
The only SAFE sites I know to post on are tryst.link, afterdarkads.com skipthegames.com, and escort alligator. Slixa.com I am hearing a LOT of things from my former coworkers at BP... slixa is supposed to be compromised... but I dont know that for sure, and frankly dont want to start MORE rumors... I dont like the site from a clients perspective much... from a advertisers perspective its ok. They do great marketing.
Tryst is gonna have problems because they are acting like they are in control... telling you what you cant say in your ads that offends them (everyone so offended these days) like now you cant refuse to see AA in your tryst ad. Total bullshit.
afterdarkads.com is free and they are really serious about keeping fake posters of the site. That is huge to me, same with Tryst.link ... they are really committed to verification of every user, although they are far from free...
both afterdarkads and tryst and skip the games are all getting AWESOME reviews on usasexguide.info and in a few other boards.
yesbackapge is hopefully done... I hope that fucker gets a disease and dies... but in the mean time, almost 100% of the ads are all fake... soon the clients will realize it... if enough of you spread the word.. it will die. Dont waste your money competing with fake ads!
another thing that sucks about what yesbackpage and all the other sites are doing is it scares off clients... these guys are lookin for real posts from real sexworkers... when 99 out of 100 ads are all fake, designed to collect cell numbers or emails... or direct you to fake cam sites and other shit... they stop searching like this... I know a LOT of agencies and pimps are all sayign business is booming because sexworkers are being FORCED to come back to them to book calls.
support the sites that support the community guys... not the ones that exploit you and fuck you over.
n the end what I really know about this industry... you need to advertise on as many LEGIT and safe sites as you can... every ad dollar you spend needs to be an investment that brings a positive return... be careful posting on sites that charge but screw you over... and just be careful period... there are a lot of shitty people out there , and they love hurting sexworkers.
be safe and be well all!
submitted by jennersteve2 to SexWorkersOnly [link] [comments]

What can the earlier days of Bitcoin teach us about holding Ethereum?

Recently, I was thinking back to my first exposure to crypto, after talking with a couple of my coworkers who shared their own, more recent experience with me. It was late 2013 when I first bought BTC, but I had heard about Bitcoin a couple of years earlier. I thought the idea of internet money that nobody controlled sounded like a scam, so I stayed clear. I couldn't really understand the value proposition and didn't take the time to understand how it works (hindsight is 20/20).
That started to change in early 2013. I learned much more about Bitcoin, which at the time was the only blockchain of any consequence, and began to understand the trustless nature of this revolutionary technology and how it would change the world. But what drew me in was the price. For those of you who weren't around then, it's worth taking a minute to open up that chart on Coinbase and see what that bump was in the grand scheme of things.
See what now looks like a relatively little blip there in late 2013? That was when Bitcoin went roughly 10x in a month- from a $100 valuation to a $1000 valuation. I signed up for a Coinbase account shortly before Thanksgiving. Over that Thanksgiving, I spent the whole holiday / weekend talking to my family about how revolutionary this technology was- and wow, were they confused and unable to fathom it. To me, it seemed so obvious. Price increases have a way of "revealing" unassailable logic in situations like these.
It took a while for Coinbase to approve my account, but I could hardly wait for that. I was on eBay, seeing if I could buy Casascius Coins. They were appealing to me at the time, because they merged an asset that was completely virtual with something that was tangible. My brain had still not fully accepted paying so much money for something that "didnt' exist" in real life. But the speculation was soaring so high on those coins (double the BTC value or more) that I decided to pass.
Soon thereafter, I finally got access to Coinbase and bought my first Bitcoin for around $900. And then the price dropped, and it kept dropping. But I kept on buying, knowing that this is how asset markets worked. The price was going down, but for something this revolutionary, it would have to eventually go back up...at least that's what I was hoping. I bought all the way down to prices in the low $400s.
And then in June 2014, I abruptly sold them all, at a sizable net loss. Why did I do that? What was going through my mind to make such a rash decision? Well, open that chart back up. The price had cratered down into the $230s and seemed to be stuck at these new lows- it was a winter that started earlier in that year and never ended. And the Mt Gox debacle was completely soul crushing and I really felt that my hopes for the success of a decentralized currency were completely dashed. And back then, there were no other alt coins to FOMO into. It was Bitcoin or (mostly) nothing.
Besides, I had a major home purchase underway and decided that my money was better going into that rather than holding Bitcoin. In hindsight, I sold at what turned out to be the close to the bottom of Bitcoin. And then just look at that chart. A slow and steady increase over years, with $1000 only being reached again in March of this year.
And as we enter Thanksgiving 4 years later, some of you are going to have these same conversations with your own families about Ethereum. I can tell you what some of them are going to say:
"Internet money? I wouldn't invest in something like that. Who controls it? Isn't this just for criminals?"
"Smart contracts? Even if they do work, what's the point of having them when you have regular contracts? And why does XYZ service even need to be decentralized?"
"This whole thing sounds like a bubble. I hope you don't have much money in this..."
So what does all of this teach us about holding Ethereum?
  1. For many of your friends and family next week, it will be the first time they've heard of concepts like smart contracts or even cryptocurrency in any depth, but if Bitcoin is our teacher, it won't be the last. Take the time to explain it, but don't be pushy about it. Plant the seed, walk away, and send articles to them over the course of the next year.
  2. Bitcoin's $1000 moment reminds me of ETH's $420 moment. Many new buyers FOMO'ed in and are still waiting for their returns, with many likely abandoning the path along the way. Most of the actual buyers of Bitcoin in 2013 then were "nerds" who were fascinated by the technology because they were among the few who took the time to understand it and felt comfortable putting large amounts of money into something on the internet. I would suggest that most recent ETH buyers are still in this "nerd" territory, without real mainstream understanding of what it is.
  3. We are in what seems like a "long winter," with ETH stagnant at around $300. But it is unlikely our next big run will take 4 years to develop. I'm thinking a period of 3 to 12 months. The space isn't what it used to be, with massive institutional money coming and a very vibrant and mainstream-accepted development community. Those among you who were smart bought every token they could during the July depression. If that happens again, you know what to do.
  4. Even if we had another Mt Gox style event (I won't name any exchanges or pegged tokens), it would probably not have the same impact as Mt Gox had. The system is much more diverse and resilient against such events now. There would be a drop, but it would be (hopefully) short lived.
  5. If you just hold long enough, the price is very likely to go up. Possibly substantially up. Maybe even life changing amounts up. You understand the technology and the potential. Don't doubt yourself on your original thesis, like I did with Bitcoin a few years ago. The future picture for ETH has only gotten better in recent months.
So learn from Bitcoin, and don't screw this up for yourselves by taking rash actions- driven by impatience or outsized greed. I am not always one for hyperbole, but I am not exaggerating when I say that you may honestly regret it for the rest of your life.
submitted by DCinvestor to ethtrader [link] [comments]

Long live decentralized bitcoin(!) A reading list

Newbs might not know this, but bitcoin recently came out of an intense internal drama. Between July 2015 and August 2017 bitcoin was attacked by external forces who were hoping to destroy the very properties that made bitcoin valuable in the first place. This culminated in the creation of segwit and the UASF (user activated soft fork) movement. The UASF was successful, segwit was added to bitcoin and with that the anti-decentralization side left bitcoin altogether and created their own altcoin called bcash. Bitcoin's price was $2500, soon after segwit was activated the price doubled to $5000 and continued rising until a top of $20000 before correcting to where we are today.
During this drama, I took time away from writing open source code to help educate and argue on reddit, twitter and other social media. I came up with a reading list for quickly copypasting things. It may be interesting today for newbs or anyone who wants a history lesson on what exactly happened during those two years when bitcoin's very existence as a decentralized low-trust currency was questioned. Now the fight has essentially been won, I try not to comment on reddit that much anymore. There's nothing left to do except wait for Lightning and similar tech to become mature (or better yet, help code it and test it)
In this thread you can learn about block sizes, latency, decentralization, segwit, ASICBOOST, lightning network and all the other issues that were debated endlessly for over two years. So when someone tries to get you to invest in bcash, remind them of the time they supported Bitcoin Unlimited.
For more threads like this see UASF

Summary / The fundamental tradeoff

A trip to the moon requires a rocket with multiple stages by gmaxwell (must read) https://www.reddit.com/Bitcoin/comments/438hx0/a_trip_to_the_moon_requires_a_rocket_with/
Bram Cohen, creator of bittorrent, argues against a hard fork to a larger block size https://medium.com/@bramcohen/bitcoin-s-ironic-crisis-32226a85e39f#.558vetum4
gmaxwell's summary of the debate https://bitcointalk.org/index.php?topic=1343716.msg13701818#msg13701818
Core devs please explain your vision (see luke's post which also argues that blocks are already too big) https://www.reddit.com/Bitcoin/comments/61yvvv/request_to_core_devs_please_explain_your_vision/
Mod of btc speaking against a hard fork https://www.reddit.com/btc/comments/57hd14/core_reaction_to_viabtc_this_week/d8scokm/
It's becoming clear to me that a lot of people don't understand how fragile bitcoin is https://www.reddit.com/Bitcoin/comments/59kflj/its_becoming_clear_to_me_that_a_lot_of_people/
Blockchain space must be costly, it can never be free https://www.reddit.com/Bitcoin/comments/4og24h/i_just_attended_the_distributed_trade_conference/
Charlie Lee with a nice analogy about the fundamental tradeoff https://medium.com/@SatoshiLite/eating-the-bitcoin-cake-fc2b4ebfb85e#.444vr8shw
gmaxwell on the tradeoffs https://bitcointalk.org/index.php?topic=1520693.msg15303746#msg15303746
jratcliff on the layering https://www.reddit.com/btc/comments/59upyh/segwit_the_poison_pill_for_bitcoin/d9bstuw/

Scaling on-chain will destroy bitcoin's decentralization

Peter Todd: How a floating blocksize limit inevitably leads towards centralization [Feb 2013] https://bitcointalk.org/index.php?topic=144895.0 mailing list https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2013-February/002176.html with discussion on reddit in Aug 2015 https://www.reddit.com/Bitcoin/comments/3hnvi8/just_a_little_history_lesson_for_everyone_new_the/
Nick Szabo's blog post on what makes bitcoin so special http://unenumerated.blogspot.com/2017/02/money-blockchains-and-social-scalability.html
There is academic research showing that even small (2MB) increases to the blocksize results in drastic node dropoff counts due to the non-linear increase of RAM needed. http://bravenewcoin.com/assets/Whitepapers/block-size-1.1.1.pdf
Reddit summary of above link. In this table, you can see it estimates a 40% drop immediately in node count with a 2MB upgrade and a 50% over 6 months. At 4mb, it becomes 75% immediately and 80% over 6 months. At 8, it becomes 90% and 95%. https://www.reddit.com/Bitcoin/comments/5qw2wa_future_led_by_bitcoin_unlimited_is_a/dd442pw/
Larger block sizes make centralization pressures worse (mathematical) https://petertodd.org/2016/block-publication-incentives-for-miners
Talk at scalingbitcoin montreal, initial blockchain synchronization puts serious constraints on any increase in the block size https://www.youtube.com/watch?v=TgjrS-BPWDQ&t=2h02m06s with transcript https://scalingbitcoin.org/transcript/montreal2015/block-synchronization-time
Bitcoin's P2P Network: The Soft Underbelly of Bitcoin https://www.youtube.com/watch?v=Y6kibPzbrIc someone's notes: https://gist.github.com/romyilano/5e22394857a39889a1e5 reddit discussion https://www.reddit.com/Bitcoin/comments/4py5df/so_f2pool_antpool_btcc_pool_are_actually_one_pool/
In adversarial environments blockchains dont scale https://scalingbitcoin.org/transcript/hongkong2015/in-adversarial-environments-blockchains-dont-scale
Why miners will not voluntarily individually produce smaller blocks https://scalingbitcoin.org/transcript/hongkong2015/why-miners-will-not-voluntarily-individually-produce-smaller-blocks
Hal Finney: bitcoin's blockchain can only be a settlement layer (mostly interesting because it's hal finney and its in 2010) https://www.reddit.com/Bitcoin/comments/3sb5nj/most_bitcoin_transactions_will_occur_between/
petertodd's 2013 video explaining this https://www.youtube.com/watch?v=cZp7UGgBR0I
luke-jr's summary https://www.reddit.com/Bitcoin/comments/61yvvv/request_to_core_devs_please_explain_your_vision/dficjhj/
Another jratcliff thread https://www.reddit.com/Bitcoin/comments/6lmpll/explaining_why_big_blocks_are_bad/

Full blocks are not a disaster

Blocks must be always full, there must always be a backlog https://medium.com/@bergealex4/bitcoin-is-unstable-without-the-block-size-size-limit-70db07070a54#.kh2vi86lr
Same as above, the mining gap means there must always be a backlog talk: https://www.youtube.com/watch?time_continue=2453&v=iKDC2DpzNbw transcript: https://scalingbitcoin.org/transcript/montreal2015/security-of-diminishing-block-subsidy
Backlogs arent that bad https://www.reddit.com/Bitcoin/comments/49p011/was_the_fee_event_really_so_bad_my_mind_is/
Examples where scarce block space causes people to use precious resources more efficiently https://www.reddit.com/Bitcoin/comments/4kxxvj/i_just_singlehandedly_increased_bitcoin_network/
https://www.reddit.com/Bitcoin/comments/47d4m2/why_does_coinbase_make_2_transactions_pe
https://www.reddit.com/Bitcoin/comments/53wucs/why_arent_blocks_full_yet/d7x19iv
Full blocks are fine https://www.reddit.com/Bitcoin/comments/5uld1a/misconception_full_blocks_mean_bitcoin_is_failing/
High miner fees imply a sustainable future for bitcoin https://www.reddit.com/BitcoinMarkets/comments/680tvf/fundamentals_friday_week_of_friday_april_28_2017/dgwmhl7/
gmaxwell on why full blocks are good https://www.reddit.com/Bitcoin/comments/6b57ca/full_blocks_good_or_bad/dhjxwbz/
The whole idea of the mempool being "filled" is wrong headed. The mempool doesn't "clog" or get stuck, or anything like that. https://www.reddit.com/Bitcoin/comments/7cusnx/to_the_people_still_doubting_that_this_congestion/dpssokf/

Segwit

What is segwit

luke-jr's longer summary https://www.reddit.com/Bitcoin/comments/6033h7/today_is_exactly_4_months_since_the_segwit_voting/df3tgwg/?context=1
Charlie Shrem's on upgrading to segwit https://twitter.com/CharlieShrem/status/842711238853513220
Original segwit talk at scalingbitcoin hong kong + transcript https://youtu.be/zchzn7aPQjI?t=110
https://scalingbitcoin.org/transcript/hongkong2015/segregated-witness-and-its-impact-on-scalability
Segwit is not too complex https://www.reddit.com/btc/comments/57vjin/segwit_is_not_great/d8vos33/
Segwit does not make it possible for miners to steal coins, contrary to what some people say https://www.reddit.com/btc/comments/5e6bt0/concerns_with_segwit_and_anyone_can_spend/daa5jat/?context=1
https://keepingstock.net/segwit-eli5-misinformation-faq-19908ceacf23#.r8hlzaquz
Segwit is required for a useful lightning network It's now known that without a malleability fix useful indefinite channels are not really possible.
https://www.reddit.com/Bitcoin/comments/5tzqtc/gentle_reminder_the_ln_doesnt_require_segwit/ddqgda7/
https://www.reddit.com/Bitcoin/comments/5tzqtc/gentle_reminder_the_ln_doesnt_require_segwit/ddqbukj/
https://www.reddit.com/Bitcoin/comments/5x2oh0/olaoluwa_osuntokun_all_active_lightning_network/deeto14/?context=3
Clearing up SegWit Lies and Myths: https://achow101.com/2016/04/Segwit-FUD-Clearup
Segwit is bigger blocks https://www.reddit.com/Bitcoin/comments/5pb8vs/misinformation_is_working_54_incorrectly_believe/dcpz3en/
Typical usage results in segwit allowing capacity equivalent to 2mb blocks https://www.reddit.com/Bitcoin/comments/69i2md/observe_for_yourself_segwit_allows_2_mb_blocks_in/

Why is segwit being blocked

Jihan Wu (head of largest bitcoin mining group) is blocking segwit because of perceived loss of income https://www.reddit.com/Bitcoin/comments/60mb9e/complete_high_quality_translation_of_jihans/
Witness discount creates aligned incentives https://segwit.org/why-a-discount-factor-of-4-why-not-2-or-8-bbcebe91721e#.h36odthq0 https://medium.com/@SegWit.co/what-is-behind-the-segwit-discount-988f29dc1edf#.sr91dg406
or because he wants his mining enterprise to have control over bitcoin https://www.reddit.com/Bitcoin/comments/6jdyk8/direct_report_of_jihan_wus_real_reason_fo

Segwit is being blocked because it breaks ASICBOOST, a patented optimization used by bitmain ASIC manufacturer

Details and discovery by gmaxwell https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-April/013996.html
Reddit thread with discussion https://www.reddit.com/Bitcoin/comments/63otrp/gregory_maxwell_major_asic_manufacturer_is/
Simplified explaination by jonny1000 https://www.reddit.com/Bitcoin/comments/64qq5g/attempted_explanation_of_the_alleged_asicboost/
http://www.mit.edu/~jlrubin/public/pdfs/Asicboost.pdf
https://medium.com/@jimmysong/examining-bitmains-claims-about-asicboost-1d61118c678d
Evidence https://www.reddit.com/Bitcoin/comments/63yo27/some_circumstantial_evidence_supporting_the_claim/
https://www.reddit.com/Bitcoin/comments/63vn5g/please_dont_stop_us_from_using_asicboost_which/dfxmm75/
https://www.reddit.com/Bitcoin/comments/63soe3/reverse_engineering_an_asic_is_a_significant_task/dfx9nc
Bitmain admits their chips have asicboost but they say they never used it on the network (haha a likely story) https://blog.bitmain.com/en/regarding-recent-allegations-smear-campaigns/
Worth $100m per year to them (also in gmaxwell's original email) https://twitter.com/petertoddbtc/status/849798529929424898
Other calculations show less https://medium.com/@vcorem/the-real-savings-from-asicboost-to-bitmaintech-ff265c2d305b
This also blocks all these other cool updates, not just segwit https://www.reddit.com/Bitcoin/comments/63otrp/gregory_maxwell_major_asic_manufacturer_is/dfw0ej3/
Summary of bad consequences of asicboost https://www.reddit.com/Bitcoin/comments/64qq5g/attempted_explanation_of_the_alleged_asicboost/dg4hyqk/?context=1
Luke's summary of the entire situation https://www.reddit.com/Bitcoin/comments/6ego3s/why_is_killing_asicboost_not_a_priority/diagkkb/?context=1
Prices goes up because now segwit looks more likely https://twitter.com/TuurDemeestestatus/849846845425799168
Asicboost discovery made the price rise https://twitter.com/TuurDemeestestatus/851520094677200901
A pool was caught red handed doing asicboost, by this time it seemed fairly certain that segwit would get activated so it didnt produce as much interest as earlier https://www.reddit.com/Bitcoin/comments/6p7lr5/1hash_pool_has_mined_2_invalid_blocks/ and https://www.reddit.com/Bitcoin/comments/6p95dl/interesting_1hash_pool_mined_some_invalid_blocks/ and https://twitter.com/petertoddbtc/status/889475196322811904
This btc user is outraged at the entire forum because they support Bitmain and ASICBOOST https://www.reddit.com/btc/comments/67t43y/dragons_den_planned_smear_campaign_of_bitmain/dgtg9l2/
Antbleed, turns out Bitmain can shut down all its ASICs by remote control: http://www.antbleed.com/

What if segwit never activates

What if segwit never activates? https://www.reddit.com/Bitcoin/comments/6ab8js/transaction_fees_are_now_making_btc_like_the_banks/dhdq3id/ with https://www.reddit.com/Bitcoin/comments/5ksu3o/blinded_bearer_certificates/ and https://www.reddit.com/Bitcoin/comments/4xy0fm/scaling_quickly/

Lightning

bitcoinmagazine's series on what lightning is and how it works https://bitcoinmagazine.com/articles/understanding-the-lightning-network-part-building-a-bidirectional-payment-channel-1464710791/ https://bitcoinmagazine.com/articles/understanding-the-lightning-network-part-creating-the-network-1465326903/ https://bitcoinmagazine.com/articles/understanding-the-lightning-network-part-completing-the-puzzle-and-closing-the-channel-1466178980/
The Lightning Network ELIDHDICACS (Explain Like I Don’t Have Degrees in Cryptography and Computer Science) https://letstalkbitcoin.com/blog/post/the-lightning-network-elidhdicacs
Ligtning will increases fees for miners, not lower them https://medium.com/lightning-resources/the-lightning-paradox-f15ce0e8e374#.erfgunumh
Cost-benefit analysis of lightning from the point of view of miners https://medium.com/@rusty_lightning/miners-and-bitcoin-lightning-a133cd550310#.x42rovlg8
Routing blog post by rusty https://medium.com/@rusty_lightning/routing-dijkstra-bellman-ford-and-bfg-7715840f004 and reddit comments https://www.reddit.com/Bitcoin/comments/4lzkz1/rusty_russell_on_lightning_routing_routing/
Lightning protocol rfc https://github.com/lightningnetwork/lightning-rfc
Blog post with screenshots of ln being used on testnet https://medium.com/@btc_coach/lightning-network-in-action-b18a035c955d video https://www.youtube.com/watch?v=mxGiMu4V7ns
Video of sending and receiving ln on testnet https://twitter.com/alexbosworth/status/844030573131706368
Lightning tradeoffs http://www.coindesk.com/lightning-technical-challenges-bitcoin-scalability/
Beer sold for testnet lightning https://www.reddit.com/Bitcoin/comments/62uw23/lightning_network_is_working_room77_is_accepting/ and https://twitter.com/MrHodl/status/848265171269283845
Lightning will result in far fewer coins being stored on third parties because it supports instant transactions https://medium.com/@thecryptoconomy/the-barely-discussed-incredible-benefit-of-the-lightning-network-4ce82c75eb58
jgarzik argues strongly against LN, he owns a coin tracking startup https://twitter.com/petertoddbtc/status/860826532650123264 https://twitter.com/Beautyon_/status/886128801926795264
luke's great debunking / answer of some misinformation questions https://www.reddit.com/Bitcoin/comments/6st4eq/questions_about_lightning_network/dlfap0u/
Lightning centralization doesnt happen https://www.reddit.com/Bitcoin/comments/6vzau5/reminder_bitcoins_key_strength_is_in_being/dm4ou3v/?context=1
roasbeef on hubs and charging fees https://twitter.com/roasbeef/status/930209165728825344 and https://twitter.com/roasbeef/status/930210145790976000

Immutability / Being a swiss bank in your pocket / Why doing a hard fork (especially without consensus) is damaging

A downside of hard forks is damaging bitcoin's immutability https://www.reddit.com/Bitcoin/comments/5em6vu/what_happens_if_segwit_doesnt_activate/dae1r6c/?context=3
Interesting analysis of miners incentives and how failure is possible, don't trust the miners for long term https://www.reddit.com/Bitcoin/comments/5gtew4/why_an_increased_block_size_increases_the_cost_of/daybazj/?context=2
waxwing on the meaning of cash and settlement https://www.reddit.com/Bitcoin/comments/5ei7m3/unconfirmed_transactions_60k_total_fees_14btc/dad001v/
maaku on the cash question https://www.reddit.com/Bitcoin/comments/5i5iq5/we_are_spoiled/db5luiv/?context=1
Digital gold funamentalists gain nothing from supporting a hard fork to larger block sizes https://www.reddit.com/Bitcoin/comments/5xzunq/core_please_compromise_before_we_end_up_with_bu/dem73xg/?context=1
Those asking for a compromise don't understand the underlying political forces https://www.reddit.com/Bitcoin/comments/6ef7wb/some_comments_on_the_bip148_uasf_from_the/dia236b/?context=3
Nobody wants a contentious hard fork actually, anti-core people got emotionally manipulated https://www.reddit.com/Bitcoin/comments/5sq5ocontentious_forks_vs_incremental_progress/ddip57o/
The hard work of the core developers has kept bitcoin scalable https://www.reddit.com/Bitcoin/comments/3hfgpo/an_initiative_to_bring_advanced_privacy_features/cu7mhw8?context=9
Recent PRs to improve bitcoin scaleability ignored by the debate https://twitter.com/jfnewbery/status/883001356168167425
gmaxwell against hard forks since 2013 https://bitcointalk.org/index.php?topic=140233.20
maaku: hard forks are really bad https://www.reddit.com/Bitcoin/comments/5zxjza/adam_greg_core_devs_and_big_blockers_now_is_the/df275yk/?context=2

Some metrics on what the market thinks of decentralization and hostile hard forks

The price history shows that the exchange rate drops every time a hard fork threatens: https://i.imgur.com/EVPYLR8.jpg
and this example from 2017 https://twitter.com/WhalePanda/status/845562763820912642
http://imgur.com/a/DuHAn btc users lose money
price supporting theymos' moderation https://i.imgur.com/0jZdF9h.png
old version https://i.imgur.com/BFTxTJl.png
older version https://pbs.twimg.com/media/CxqtUakUQAEmC0d.jpg
about 50% of nodes updated to the soft fork node quite quickly https://imgur.com/O0xboVI

Bitcoin Unlimited / Emergent Consensus is badly designed, changes the game theory of bitcoin

Bitcoin Unlimited was a proposed hard fork client, it was made with the intention to stop segwit from activating
A Future Led by Bitcoin Unlimited is a Centralized Future https://blog.sia.tech/a-future-led-by-bitcoin-unlimited-is-a-centralized-future-e48ab52c817a#.p1ly6hldk
Flexible transactions are bugged https://www.reddit.com/Bitcoin/comments/57tf5g/bitcoindev_bluematt_on_flexible_transactions/
Bugged BU software mines an invalid block, wasting 13 bitcoins or $12k
https://www.reddit.com/Bitcoin/comments/5qwtr2/bitcoincom_loses_132btc_trying_to_fork_the/
https://www.reddit.com/btc/comments/5qx18i/bitcoincom_loses_132btc_trying_to_fork_the/
bitcoin.com employees are moderators of btc https://medium.com/@WhalePanda/the-curious-relation-between-bitcoin-com-anti-segwit-propaganda-26c877249976#.vl02566k4
miners don't control stuff like the block size http://hackingdistributed.com/2016/01/03/time-for-bitcoin-user-voice/
even gavin agreed that economic majority controls things https://www.reddit.com/Bitcoin/comments/5ywoi9/in_2010_gavin_predicted_that_exchanges_ie_the/
fork clients are trying to steal bitcoin's brand and network effect, theyre no different from altcoins https://medium.com/@Coinosphere/why-bitcoin-unlimited-should-be-correctly-classified-as-an-attempted-robbery-of-bitcoin-not-a-9355d075763c#.qeaynlx5m
BU being active makes it easier to reverse payments, increases wasted work making the network less secure and giving an advantage to bigger miners https://www.reddit.com/Bitcoin/comments/5g1x84/bitcoin_unlimited_bu_median_value_of_miner_eb/
bitcoin unlimited takes power away from users and gives it to miners https://medium.com/@alpalpalp/bitcoin-unlimiteds-placebo-controls-6320cbc137d4#.q0dv15gd5
bitcoin unlimited's accepted depth https://twitter.com/tdryja/status/804770009272696832
BU's lying propaganda poster https://imgur.com/osrViDE

BU is bugged, poorly-reviewed and crashes

bitcoin unlimited allegedly funded by kraken stolen coins
https://www.reddit.com/btc/comments/55ajuh/taint_analysis_on_bitcoin_stolen_from_kraken_on/
https://www.reddit.com/btc/comments/559miz/taint_analysis_on_btc_allegedly_stolen_from_kraken/
Other funding stuff
https://www.reddit.com/Bitcoin/comments/5zozmn/damning_evidence_on_how_bitcoin_unlimited_pays/
A serious bug in BU https://www.reddit.com/Bitcoin/comments/5h70s3/bitcoin_unlimited_bu_the_developers_have_realized/
A summary of what's wrong with BU: https://www.reddit.com/Bitcoin/comments/5z3wg2/jihanwu_we_will_switch_the_entire_pool_to/devak98/

Bitcoin Unlimited Remote Exploit Crash 14/3/2017

https://www.reddit.com/Bitcoin/comments/5zdkv3/bitcoin_unlimited_remote_exploit_crash/ https://www.reddit.com/Bitcoin/comments/5zeb76/timbe https://www.reddit.com/btc/comments/5zdrru/peter_todd_bu_remote_crash_dos_wtf_bug_assert0_in/
BU devs calling it as disaster https://twitter.com/SooMartindale/status/841758265188966401 also btc deleted a thread about the exploit https://i.imgur.com/lVvFRqN.png
Summary of incident https://www.reddit.com/Bitcoin/comments/5zf97j/i_was_undecided_now_im_not/
More than 20 exchanges will list BTU as an altcoin
https://www.reddit.com/Bitcoin/comments/5zyg6g/bitcoin_exchanges_unveil_emergency_hard_fork/
Again a few days later https://www.reddit.com/Bitcoin/comments/60qmkt/bu_is_taking_another_shit_timberrrrr

User Activated Soft Fork (UASF)

site for it, including list of businesses supporting it http://www.uasf.co/
luke's view
https://www.reddit.com/Bitcoin/comments/5zsk45/i_am_shaolinfry_author_of_the_recent_usedf1dqen/?context=3
threat of UASF makes the miner fall into line in litecoin
https://www.reddit.com/litecoin/comments/66omhlitecoin_global_roundtable_resolution/dgk2thk/?context=3
UASF delivers the goods for vertcoin
https://www.reddit.com/Bitcoin/comments/692mi3/in_test_case_uasf_results_in_miner_consensus/dh3cm34/?context=1
UASF coin is more valuable https://www.reddit.com/Bitcoin/comments/6cgv44/a_uasf_chain_will_be_profoundly_more_valuable/
All the links together in one place https://www.reddit.com/Bitcoin/comments/6dzpew/hi_its_mkwia_again_maintainer_of_uasfbitcoin_on/
p2sh was a uasf https://github.com/bitcoin/bitcoin/blob/v0.6.0/src/main.cpp#L1281-L1283
jgarzik annoyed at the strict timeline that segwit2x has to follow because of bip148 https://twitter.com/jgarzik/status/886605836902162432
Committed intolerant minority https://www.reddit.com/Bitcoin/comments/6d7dyt/a_plea_for_rational_intolerance_extremism_and/
alp on the game theory of the intolerant minority https://medium.com/@alpalpalp/user-activated-soft-forks-and-the-intolerant-minority-a54e57869f57
The risk of UASF is less than the cost of doing nothing https://www.reddit.com/Bitcoin/comments/6bof7a/were_getting_to_the_point_where_a_the_cost_of_not/
uasf delivered the goods for bitcoin, it forced antpool and others to signal (May 2016) https://bitcoinmagazine.com/articles/antpool-will-not-run-segwit-without-block-size-increase-hard-fork-1464028753/ "When asked specifically whether Antpool would run SegWit code without a hard fork increase in the block size also included in a release of Bitcoin Core, Wu responded: “No. It is acceptable that the hard fork code is not activated, but it needs to be included in a ‘release’ of Bitcoin Core. I have made it clear about the definition of ‘release,’ which is not ‘public.’”"
Screenshot of peter rizun capitulating https://twitter.com/chris_belcher_/status/905231603991007232

Fighting off 2x HF

https://twitter.com/MrHodl/status/895089909723049984
https://www.reddit.com/Bitcoin/comments/6h612o/can_someone_explain_to_me_why_core_wont_endorse/?st=j6ic5n17&sh=cc37ee23
https://www.reddit.com/Bitcoin/comments/6smezz/segwit2x_hard_fork_is_completely_useless_its_a/?st=j6ic2aw3&sh=371418dd
https://www.reddit.com/Bitcoin/comments/6sbspv/who_exactly_is_segwit2x_catering_for_now_segwit/?st=j6ic5nic&sh=1f86cadd
https://medium.com/@elliotolds/lesser-known-reasons-to-keep-blocks-small-in-the-words-of-bitcoin-core-developers-44861968185e
b2x is most of all about firing core https://twitter.com/WhalePanda/status/912664487135760384
https://medium.com/@StopAndDecrypt/thats-not-bitcoin-this-is-bitcoin-95f05a6fd6c2

Misinformation / sockpuppets

https://www.reddit.com/Bitcoin/comments/6uqz6k/markets_update_bitcoin_cash_rallies_for_three/dlurbpx/
three year old account, only started posting today https://archive.is/3STjH
Why we should not hard fork after the UASF worked: https://www.reddit.com/Bitcoin/comments/6sl1qf/heres_why_we_should_not_hard_fork_in_a_few_months/

History

Good article that covers virtually all the important history https://bitcoinmagazine.com/articles/long-road-segwit-how-bitcoins-biggest-protocol-upgrade-became-reality/
Interesting post with some history pre-2015 https://btcmanager.com/the-long-history-of-the-fight-over-scaling-bitcoin/
The core scalabality roadmap + my summary from 3/2017 https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-Decembe011865.html my summary https://www.reddit.com/Bitcoin/comments/5xa5fa/the_core_development_scalability_roadmap/
History from summer 2015 https://www.reddit.com/Bitcoin/comments/5xg7f8/the_origins_of_the_blocksize_debate/
Brief reminders of the ETC situation https://www.reddit.com/Bitcoin/comments/6nvlgo/simple_breakdown_of_bip91_its_simply_the_miners/dkcycrz/
Longer writeup of ethereum's TheDAO bailout fraud https://www.reddit.com/ethereumfraud/comments/6bgvqv/faq_what_exactly_is_the_fraud_in_ethereum/
Point that the bigblocker side is only blocking segwit as a hostage https://www.reddit.com/BitcoinMarkets/comments/5sqhcq/daily_discussion_wednesday_february_08_2017/ddi3ctv/?context=3
jonny1000's recall of the history of bitcoin https://www.reddit.com/Bitcoin/comments/6s34gg/rbtc_spreading_misinformation_in_rbitcoinmarkets/dl9wkfx/

Misc (mostly memes)

libbitcoin's Understanding Bitcoin series (another must read, most of it) https://github.com/libbitcoin/libbitcoin/wiki/Understanding-Bitcoin
github commit where satoshi added the block size limit https://www.reddit.com/Bitcoin/comments/63859l/github_commit_where_satoshi_added_the_block_size/
hard fork proposals from some core devs https://bitcoinhardforkresearch.github.io/
blockstream hasnt taken over the entire bitcoin core project https://www.reddit.com/Bitcoin/comments/622bjp/bitcoin_core_blockstream/
blockstream is one of the good guys https://www.reddit.com/Bitcoin/comments/6cttkh/its_happening_blockstream_opens_liquid_sidechain/dhxu4e
Forkers, we're not raising a single byte! Song lyrics by belcher https://gist.github.com/chris-belche7264cd6750a86f8b4a9a
Some stuff here along with that cool photoshopped poster https://medium.com/@jimmysong/bitcoin-realism-or-how-i-learned-to-stop-worrying-and-love-1mb-blocks-c191c35e74cb
Nice graphic https://twitter.com/RNR_0/status/871070843698380800
gmaxwell saying how he is probably responsible for the most privacy tech in bitcoin, while mike hearn screwed up privacy https://www.reddit.com/btc/comments/6azyme/hey_bu_wheres_your_testnet/dhiq3xo/?context=6
Fairly cool propaganda poster https://twitter.com/urbanarson/status/880476631583924225
btc tankman https://i.redd.it/gxjqenzpr27z.png https://twitter.com/DanDarkPill/status/853653168151986177
asicboost discovery meme https://twitter.com/allenscottoshi/status/849888189124947971
https://twitter.com/urbanarson/status/882020516521013250
gavin wanted to kill the bitcoin chain https://twitter.com/allenscottoshi/status/849888189124947971
stuff that btc believes https://www.reddit.com/Bitcoin/comments/6ld4a5/serious_is_the_rbtc_and_the_bu_crowd_a_joke_how/djszsqu/
after segwit2x NYA got agreed all the fee pressure disappeared, laurenmt found they were artificial spam https://twitter.com/i/moments/885827802775396352
theymos saying why victory isnt inevitable https://www.reddit.com/Bitcoin/comments/6lmpll/explaining_why_big_blocks_are_bad/djvxv2o/
with ignorant enemies like these its no wonder we won https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-999 ""So, once segwit2x activates, from that moment on it will require a coordinated fork to avoid the up coming "baked in" HF. ""
a positive effect of bcash, it made blockchain utxo spammers move away from bitcoin https://www.reddit.com/btc/comments/76lv0b/cryptograffitiinfo_now_accepts_bitcoin_cash/dof38gw/
summary of craig wright, jihan wu and roger ver's positions https://medium.com/@HjalmarPeters/the-big-blockers-bead6027deb2
Why is bitcoin so strong against attack?!?! (because we're motivated and awesome) https://www.reddit.com/btc/comments/64wo1h/bitcoin_unlimited_is_being_blocked_by_antivirus/dg5n00x/
what happened to #oldjeffgarzik https://www.reddit.com/Bitcoin/comments/6ufv5x/a_reminder_of_some_of_jeff_garziks_greatest/
big blockers fully deserve to lose every last bitcoin they ever had and more https://www.reddit.com/BitcoinMarkets/comments/756nxf/daily_discussion_monday_october_09_2017/do5ihqi/
gavinandresen brainstorming how to kill bitcoin with a 51% in a nasty way https://twitter.com/btcdrak/status/843914877542567937
Roger Ver as bitcoin Judas https://imgur.com/a/Rf1Pi
A bunch of tweets and memes celebrating UASF
https://twitter.com/shaolinfry/status/842457019286188032 | https://twitter.com/SatoshiLite/status/888335092560441345 | https://twitter.com/btcArtGallery/status/887485162925285377 | https://twitter.com/Beautyon_/status/888109901611802624 | https://twitter.com/Excellion/status/889211512966873088 | https://twitter.com/lopp/status/888200452197801984 | https://twitter.com/AlpacaSW/status/886988980524396544 | https://twitter.com/BashCo_/status/877253729531162624 | https://twitter.com/tdryja/status/865212300361379840 | https://twitter.com/Excellion/status/871179040157179904 | https://twitter.com/TraceMayestatus/849856343074902016 | https://twitter.com/TraceMayestatus/841855022640033792 | https://fs.bitcoinmagazine.com/img/images/Screen_Shot_2017-08-18_at_01.36.47.original.png
submitted by belcher_ to Bitcoin [link] [comments]

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